Introduction to Accounting

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Across
  1. 6. It refers to the process of sorting or grouping similar business transactions and events into their respective kinds or classes.
  2. 7. Accounting information is needed by ______ to monitor the performance of the business.
  3. 8. Accounting is also called the _______ of business.
  4. 10. The business ______ concept states that the personality of the owner is different from the personality of the business.
  5. 11. Accounting is a _______. It is composed of multiple steps that lead to a common
Down
  1. 1. It refers to the ability of the business to pay its current maturing obligations or those obligations that are payable within one year.
  2. 2. It is the phase of accounting that includes the recording, classifying, and
  3. 3. Accounting deals with _________ information and transactions.
  4. 4. It is the art of recording, classifying, and summarizing in a significant
  5. 5. Financial statements provide potential _________ the necessary information to decide if they will invest in the business or not.
  6. 9. goal.