Nature, Purpose, Scope and Environment of Accounting

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Across
  1. 5. Factual information is preferred because it is likely to be beyond dispute
  2. 6. Includes purchasing a fixed asset or repaying loan
  3. 7. One of the users of accounting information who need to know whether the business is giving them return on their investment
  4. 8. Process of checking the accuracy of a business accounting system
  5. 11. Independent, registered accountants providing services for a fee
  6. 12. One of the characteristics of accounting data where data should be available to users when needed
  7. 13. Temporary memory storage of the computer system
  8. 14. The assumption that a business will continue to trade for the foreseeable future
  9. 15. An accounting system will contain records of that organisation only
Down
  1. 1. Original cost of an asset written in Balance Sheet
  2. 2. These professionals get paid around $80 000 on n yearly basis
  3. 3. Fiji Institute of Accountants
  4. 4. Includes the business day-to-day expenses
  5. 9. Life of business divided into equal arbitrary time frames
  6. 10. Also known as matching concept