INTRODUCTION TO ACCOUNTING

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Across
  1. 3. It means the users must be able to depend on the information.
  2. 5. Information in financial reports is based on ..................... transactions.
  3. 6. The purpose of this branch of accounting is to keep a record of all financial transactions.
  4. 9. It means quantification of business transactions
  5. 11. ..................... users are groups outside the business entity, who uses the information to make decisions about the business entity.
  6. 12. It is related to analysis of two companies accounting information.
  7. 14. The purpose of this branch of accounting is to assist the management in taking rational policy decisions
  8. 15. The economic events are identified, measured and recorded in order to ……………to the management.
Down
  1. 1. It refers to a business enterprise, whether for profit or not-for profit motive.
  2. 2. Accounting measures the business transactions in terms of ............ units.
  3. 4. It means decision-makers must interpret accounting information in the same sense as it is prepared and conveyed to them.
  4. 7. It means determining what transactions to record…………….
  5. 8. Identified and measured economic events should be recording in ............ order.
  6. 10. Once the economic events are identified and measured in financial terms, these are ……………in books of account.
  7. 13. Internal users are the .......... of the business entity.