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Accounting Concepts

Some answers are multiple words. Use an underscore to represent a space between words.
Across
Financial information is recorded and reported separately from the owner's personal financial information.
The same accounting principles must be followed in the same way in each accounting period.
A source document is prepared for each transaction.
Changes in financial information are reported for a specific period of time in the form of financial statements.
The actual amount paid for merchandise or other items bought is recorded.
Financial statements contain all information necessary to understand a business's financial condition.
Business activities creating dollar amounts large enough to affect business decisions should be recorded and reported as separate items in the accounting records and financial statements.
The process of making accounting estimates is free from bias.
Down
The revenue from business activities and the expenses associated with earning that revenue are recorded in the same accounting period.
Revenue is recorded at the time goods or services are sold.
Business transactions are reported in numbers that have common values.
Financial statements are prepared with the expectation that a business will remain in operation indefinitely.