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en
CR
Introduction To Accounting
12
stakeholders: users of accounting information
credit transactions: business activities whereby payment is postponed
cash transactions: business activities whereby immediate payment is made
integrity: being straightforward and honest in all professional and business relationships
objectivity: is not letting bias, conflict of interest or undue influence of others to override professional judgement
accounting: language of business
transactions: business activities
accounting period: the life of a business is divided into specified time periods of equal lengths for the purpose of preparing financial statements
consistency: the same accounting methods and procedures should be applied from period to period when preparing financial statements
financial statements: income statement and balance sheet
bookkeeping: part of accounting
accounting principles: general rules and concepts that govern the field of accounting
Introduction To Accounting
Across:1. | language of business | 7. | the life of a business is divided into specified time periods of equal lengths for the purpose of preparing financial statements | 9. | business activities whereby payment is postponed | 10. | the same accounting methods and procedures should be applied from period to period when preparing financial statements | 11. | being straightforward and honest in all professional and business relationships | 12. | business activities |
| | Down:2. | business activities whereby immediate payment is made | 3. | part of accounting | 4. | general rules and concepts that govern the field of accounting | 5. | users of accounting information | 6. | income statement and balance sheet | 8. | is not letting bias, conflict of interest or undue influence of others to override professional judgement |
| |
© 2015
PuzzleFast.com, Noncommercial Use Only
Introduction To Accounting
Across:1. | language of business | 7. | the life of a business is divided into specified time periods of equal lengths for the purpose of preparing financial statements | 9. | business activities whereby payment is postponed | 10. | the same accounting methods and procedures should be applied from period to period when preparing financial statements | 11. | being straightforward and honest in all professional and business relationships | 12. | business activities |
| | Down:2. | business activities whereby immediate payment is made | 3. | part of accounting | 4. | general rules and concepts that govern the field of accounting | 5. | users of accounting information | 6. | income statement and balance sheet | 8. | is not letting bias, conflict of interest or undue influence of others to override professional judgement |
| |
© 2015
PuzzleFast.com, Noncommercial Use Only