Accounting Principles & Assumptions

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Across
  1. 7. Principle which states that the expense that was incurred to generate the revenue is recorded
  2. 8. Principle which is also known as Expense Recognition Principle
  3. 9. Principle which states that accounting information is based on actual cost
  4. 10. Principle which is also known as Measurement Principle
Down
  1. 1. Assumption which states that a business is accounted for separately from other businesses
  2. 2. Assumption which states that company activity is divided into time periods
  3. 3. Principle which states that a company must report the details behind financial statements
  4. 4. Assumption which states that transactions are expressed in money units
  5. 5. Assumption which states that a business will continue to operate rather than being closed or sold
  6. 6. Principle which states that revenue is recorded when goods or services are provided to customers