Across
- 3. The system of recording transactions with dual aspects.
- 4. The money invested by owners in a business.
- 5. Another term for the financial obligations of a company.
- 7. The financial position of a business is shown by this statement.
- 10. The first step in the accounting process.
- 11. They are internal users of accounting information of any organisation.
Down
- 1. The fundamental equation of accounting: Assets = Liabilities + ______.
- 2. Inter firm and Intra firm comparison is possible due to this qualitative feature of Accounting Organisation.
- 6. A financial statement that shows a company’s revenues and expenses.
- 8. A person who examines financial records.
- 9. The process of recording financial transactions.