Accounting terms fill in the blanks -1

A person to whom a firm owes money for purchase of goods is a .....................

Amount invested by the owner in the business is termed as .......................

The nature of capital is a ................

Bank overdraft is a .......................liability

Fall in the value of an intangible asset is known as..................

Amount at which asset appears in the books of account is ...........................

......................are the amounts of cash or other assets taken by the owner from the business for personal use.

The excess of current assets over current liabilities is called ....................

..............................is the process that provides information needed as a basis for making business decisions.

....................accounts exist even after the close of accounting year.