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