Principles Of Account

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Across
  1. 2. Owner Takes Out Money From The Business For His/Her Personal Use
  2. 6. A Discount That Is Credit In Nature
  3. 8. A Discount Based On How Prompt The Payment Was
  4. 9. Assets = ? + Owner's Equity
  5. 10. What Are Premesis, Motor Vehicles & Office Equipment Under?
  6. 11. A Discount That Is Dependent Of Quantity
  7. 13. What Concept Requires All Transactions Must Be Recorded With Evidence?
  8. 15. What Concept Requires That The Local Currency Unit Of Measurement Be Used For Recording Business Activites?
Down
  1. 1. It Refers To Any Economic Event Or Activity That Affects The Financial Condition Of A Business
  2. 3. What Concept Assumes That The Business Will Operate Indefinitely?
  3. 4. Small Aspect Of Account
  4. 5. What Concept Requires That All Business Resources Must First Be Recorded At Their Acquisition Cost?
  5. 7. In Accounting, Reconciliation Refers To A Process That Compares Two Sets Of Records (Usually The Balances Of Two Accounts) To Make Sure They Are In Agreement
  6. 12. Period What Concept Requires The Business To Prepare Financial Statements Periodically?
  7. 14. When A Business Makes A Sale For A Higher Price From It's Wholesale Price