Different Accounting Terms

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Across
  1. 2. / contribution of the entity to the local economy including the numbers of people employ
  2. 4. / sometimes occur in the preparation of the trial balance
  3. 8. user / like manager determine the content, format and timing of report provided
  4. 14. / capacity of information to influence decision
  5. 21. value / help to forecast outcome events
  6. 22. / fair or without bias
  7. 25. unit / money is the common denominator
  8. 27. value / provides feedback on previous evaluation
  9. 28. accounting / needs of internal decision marker
  10. 29. user / presented in the general-purpose financial statement
  11. 31. / adequate disclosure present in way facilitate understanding and avoid erroneous
  12. 32. expense / liability account
  13. 33. / financial information must be available or communicated early
  14. 34. / author identify a fifth type f item for adjustment
  15. 35. / current asset and liability, direct and indirect method
  16. 37. statement / formal statement show performance of measured in terms of incomed
  17. 38. / contribution of the owner also from long-term loan
  18. 39. / resource controlled by an enterprise as result of past transaction or events
  19. 40. / life of enterprise is assumed to be divided into segment of time, financial statement can prepare regular interval
  20. 42. / is a group or a collection of accounts
  21. 43. / different knowledgeable and independent observes could reach consensus
  22. 44. / residual interest in the assets of enterprise
  23. 45. / provided remuneration, retirement benefits, and employment opportunities
  24. 46. / adjusting entry for supplies expense in expense method
  25. 47. user / who general purpose financial reports
Down
  1. 1. income / is an income earned in investing cash in stocks of the business
  2. 2. / 2nd step in accounting cycle
  3. 3. / providing information must be weighed against benefits
  4. 5. recognition / revenue is good sold or service rendered
  5. 6. / long-term involved with or are dependent o the entity
  6. 7. income / income the provides services
  7. 9. / present obligation of enterprise
  8. 10. balance / to test the equality of debit and credit
  9. 11. / the right side of an account known as.
  10. 12. / the left side of an account known as.
  11. 13. / transaction for the 1st time in book
  12. 15. / composed of shareholders and stockholders
  13. 16. accounting / needs of the external users
  14. 17. / deportment of recognition of asset, liability, expense and revenue
  15. 18. / 2 or more owners
  16. 19. / single owner who acts general manager.
  17. 20. / bring together to note similarities and differences
  18. 23. / 1st step in accounting cycle
  19. 24. entries / journal entries made to assign revenue and expenses in the proper period
  20. 26. expense / adjusting entry for prepaid insurance in asset method
  21. 30. recognition / are outflow or using up of assets or incurring of liabilities
  22. 36. / item is material omission or inclusion would affect the decision of reasonable customer
  23. 41. / long-term asset purchase