Accounting concepts
- Created by: i.capocci
- Created on: 20-06-16 15:18
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L | T | K | H | C | O | N | S | I | S | T | E | N | C | Y | V | S | I | W | C | F |
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T | H | E | S | S | Y | M | P | R | U | D | E | N | C | E | R | L | J | I | D | F |
Q | V | X | N | R | D | K | M | T | A | C | C | U | R | A | L | S | O | M | Y | C |
D | B | B | M | C | R | L | K | R | Y | R | D | U | A | L | A | L | I | T | Y | O |
E | A | P | E | W | L | G | J | P | H | B | F | J | H | F | I | A | P | Q | V | Q |
C | N | L | G | O | I | N | G | C | O | N | C | E | R | N | N | W | K | U | I | D |
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N | C | L | O | P | N | Y | J | I | N | Q | Q | G | Q | E | S | M | L | X | O | P |
Clues
- Accounts of business owner and business should be kept seperate (8, 7)
- Drawing accounts must assumes the business will continue to trade. (5, 7)
- Every transaction has a+ive and -ive effect of equal value (9)
- Must not overestimate value of business (1) only record revenue if goods paid for or exchanged (11)
- Must not overestimate value of the business (8)
- Only need to record assets/costs of significant value on finals account (11)
- Should have a uniform approach to putting accounts together (11)
- When used something which has not been paid for (8)
- You can only record things which have a financial value (5, 11)
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