Across
- 1. The nature of a Liablity
- 3. A broad sales tax of 10% on most goods and services transactions in Australia
- 5. The total investment in the business by the owners
- 7. Bank Loan is what type of account
- 8. Items owed by the business to outside parties
- 9. Sales are what type of account
- 11. An account maintained to track money withdrawn from a business by its owners
Down
- 2. The economic costs that a business incurs through its operations to earn revenue
- 3. A complete record of financial transactions over the life of a company is called
- 4. Items of value owned by the business
- 6. A list of all debit and credit balances at the end of an accounting period
- 10. Inventories are what type of account
- 11. The nature of an asset
