ABAF014 Quiz 1 Introduction to Accounting

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Across
  1. 2. Financial _____ is performed to measure company’s ability to pay their short term debt when it comes due.
  2. 5. _______ accounting is the type of accounting that generates reports and information for the use of internal management.
  3. 7. _________ accounting refers to the recording, presentation, and analysis of manufacturing costs.
  4. 9. This statement is prepared to examine whether an entity can generate sufficient cash over a period of time.
  5. 11. Has limited liability and the owners of a corporation are its shareholders.
  6. 13. Pasar Mini Kassim is an example of the type of the business.
  7. 14. An example of internal user.
  8. 15. This statement contains the status of the company’s asset, liability and equity accounts.
Down
  1. 1. The type of business formation which does NOT exist with the primary purpose of making profit.
  2. 3. The roles is to do the maintenance of book of records for business transactions.
  3. 4. _______ accounting is the type of accounting that generates reports for the use of external parties.
  4. 6. The art of recording, classifying and summarizing business transactions.
  5. 8. Recording of the business transaction in a systematic way.
  6. 10. An example of external user.
  7. 12. When two or more people share ownership of a single business.