ABAF014 Quiz 1 Introduction to Accounting

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Across
  1. 6. The roles is to do the maintenance of book of records for business transactions.
  2. 7. The art of recording, classifying and summarizing business transactions.
  3. 9. This statement is prepared to examine whether an entity can generate sufficient cash over a period of time.
  4. 11. This statement contains the status of the company’s asset, liability and equity accounts.
  5. 13. When two or more people share ownership of a single business.
  6. 14. Financial _____ is performed to measure company’s ability to pay their short term debt when it comes due.
  7. 15. An example of internal user.
Down
  1. 1. Pasar Mini Kassim is an example of the type of the business.
  2. 2. _______ accounting is the type of accounting that generates reports for the use of external parties.
  3. 3. Has limited liability and the owners of a corporation are its shareholders.
  4. 4. _______ accounting is the type of accounting that generates reports and information for the use of internal management.
  5. 5. Normally exist with the primary purpose of furthering the interests of its members.
  6. 8. Recording of the business transaction in a systematic way.
  7. 10. An example of external user.
  8. 12. _________ accounting refers to the recording, presentation, and analysis of manufacturing costs.