Chapter 2 - Accounting Terms 4.0 / 5 based on 1 rating ? AccountingBook keepingUniversityOther Created by: Tom SamuelsCreated on: 01-02-17 20:34 365241 Across 1. Short term assets/Liquid funds, E.G; Trade receivables, Inventory, Bank deposit account (7, 6) 4. Items of value to the business (6) Down 2. The claim of the owners on the assets of a business after all liabilities have been deducted/ Equity (7) 3. Financial obligations of the business (11) 5. Assets to be used over long term, E.G; Vehicle, Premises (3, 7, 6) 6. Short term financial obligations( -12months), E.G; Trade payables, Overdrawn bank account (7, 11)
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