Across
- 2. Benefits firm for more then one year.
- 4. lifetime of firm broken into periods
- 6. Cash of settlement values.
- 8. can pay debts before+after dividend paid.
- 9. assumption the business will continue
- 11. Has two criteria,both must be met
- 12. Original cost at time of acquisition.
- 13. elements are reported in $NZD
- 16. Cash obtained during orderly disposal.
- 17. obligation to pay, expected future outflow
Down
- 1. Asset(+)liability(-), profit(+) and equity
- 3. affairs of owners distinct from firm
- 5. value of assets>value of liabilities
- 7. value of assets after deducting all liabilities.
- 10. current worth of future sum of money or s
- 14. present control,expected future benefit.
- 15. Effects recognised when they occur