Introdution to Accounting

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Across
  1. 1. An example of liquid asset
  2. 5. An example of current asset
  3. 6. An example of intangible asset
  4. 8. Money or money’s worth withdrawn by the owner from his business for his personal use.
  5. 9. Persons to whom the business owes money
  6. 12. The inflow of cash resulting from the sale of goods or services.
  7. 13. Persons who owe money to the business.
Down
  1. 1. Money (cash) or money’s worth (goods, land, furniture, building, machinery, etc.) introduced by the owner in the business.
  2. 2. An example of fixed asset
  3. 3. Economic resources that are owned by a business and are expected to benefit future operations.
  4. 4. Sales minus gross profit
  5. 7. Amount due from a business to others either for money borrowed or for goods or assets purchased on credit.
  6. 10. Cost of the goods and services used up in the process of obtaining revenue.
  7. 11. An example of indirect expense