Across
- 2. This accounting principle would be violated if next year's rent were charged against this year's profit.
- 6. A consumer is in equilibrium only when the marginal utility per rupee spent on one good becomes ______ to the marginal utility per rupee spent on another good.
- 10. This business arrangement allows one entrepreneur to operate using another company's established brand, systems, and goodwill.
- 11. A form of business conducted primarily through electronic networks rather than physical premises.
- 12. A café doubles the price of coffee, but its total revenue falls because customers switch to nearby cafés. This indicates that demand is ______.
- 13. Before an accountant records a transaction, it must first satisfy the principle that every transaction has two aspects. This principle is called ______.
- 15. Which element of the accounting equation represents the owner's claim against the business?
Down
- 1. The book of original entry where transactions are first recorded in chronological order is the ______.
- 3. The statement prepared before financial statements to verify the arithmetical accuracy of ledger balances is called ______.
- 4. A business service that transforms uncertainty into a measurable cost.
- 5. A reduction granted immediately at the time of sale, which never appears in the Cash Book.
- 7. Goods worth ₹5,000 are withdrawn by the proprietor for personal use. Which account is credited in the journal entry?
- 8. The statistical measure least affected by extreme observations.
- 9. In perfect competition, an individual firm's demand curve is a straight ______ line because the firm is a price taker.
- 14. In this form of business, a member's liability extends only to the unpaid amount on the shares they hold.