Accounting theory

12345678
Across
  1. 2. drawings is what type of cash activity?
  2. 3. is an inventory system that keeps a continuous record of all inventories purchased or sold
  3. 5. payment of interest is what type of cash activity?
  4. 7. sale of non-current assets is what type of cash activity?
  5. 8. is a costing method based on the assumption that the newest inventories are sold first
Down
  1. 1. are items held by the business that are intended for sale in the normal operations of the business
  2. 2. is a costing method based on the assumption that the oldest inventories are sold first
  3. 4. average is a costing method of assigning the total costs of inventory equally among the units
  4. 6. is an inventory system that requires a physical stock count whenever the value of the closing inventories is required