Chapter 11

2. ____ ____ relate to the main activities of a business
4. ____ ______ is what is spent on a business's non-current or fixed assets
7. checking the accuracy of financial records and accounting procedures
10. forms the basis of the accounting process
12. policies and procedures that ensure that plans of a business will be achieved in most efficient way
13. financial statement indicating the movement of cash
15. mechanisms employed by the business to ensure data are recorded and information is accurate
17. proportion of debt and the proportion of equity used to finance the business' activities
18. what is owed by the business
19. represents business's assets and liabilities in a particular point of time
20. money owed to or by the business
21. provides information in quantitative terms about requirements to achieve a particular purpose

1. records business' claim for input tax credits and accounts for GST payable
3. ____ ____ relate to capital expenditure and research and development
5. items owned
6. used to set goals and objectives
8. having fears of being unable to cover its financial obligations
9. ____ ____ relates to the internal sources of finance in the business
11. owner's financial interest in the business, or net worth of the business
14. _____ ____ relate to financial data of a business
16. ___ ____ relates to the short term and long term borrowing from external sources by a business