Match the words to the questions and complete a crossword. Do not make blanks between the words in word combinations.
PERFORMANCE PREPAID JOURNALS GAIN
SOURCE DOCUMENTS LOSS GROSS PROFIT OVERDRAFT DEBTORS CREDITORS DEPRECIATION DRAWINGS
TOTAL EQUITIES POSITION INVOICE
STOCK CHEQUE SUNDRY FIRST IN FIRST OUT
Across:
6. A business is in the situation when they withdraw more money than they have in the bank;
7. Revenue less cost of goods sold results in this;
12. Someone who owes the business money;
14. This is arrived at by adding liabilities and owner’s equity;
17. Receipts, cheque butts and invoices are all examples of this;
18. Another word for inventory;
19. This document is used to make cash payment.
Down:
1. When an expense is paid in advance, it is said to be...;
2. Used to correct cash and credit transactions;
3. A statement of what is used to correct revenue and expenses;
4. A stock what occurs when a physical stocktake reveals more stock on hand than on the stock card;
5. The opposite to making a profit;
8. Withdrawals by the owner for their personal use;
9. The estimated amount of a non current asset used up over an accounting period;
10. People a business owes money to;
11. A method of stock recording;
13. A statement of what is used to record assets, liabilities and owner’s equity;
15. Issued when a credit sale is made;
16. A word found in cash books where you record transactions.
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