Across
- 2. b/c of past transaction,current obligation
- 5. assets recorded at original cost price
- 9. systematic allocation of depreciable value
- 10. recurrent payments,effect profit
- 11. decreases asset,equity/increases liability
- 16. to be repaid in the next f. year
- 17. non-physical assets
- 19. to be paid off after next f. year
- 20. will benefit for>1 acc. period
Down
- 1. assumption business will operate in future
- 3. life of firm split in2 = time periods
- 4. affairs of owner separate from firm
- 6. firm controls these beyond next period
- 7. assets assets that are financial investments
- 8. assets minus liabilities
- 12. Resources currently controlled, future benefits
- 13. liability of members is unlimited
- 14. assets that will be cash in next f. year
- 15. liability limited to $of subscription.
- 18. all transactions recorded in $NZD