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Bookkeeping and Accounting

Deb Lewis

Bookkeeping and accounting principles

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Across
1.An hourly rate paid to employees
7.Combination of all budgets of an organisation
9.Business to recognise revenues using what basis of accounting
10.A source document
12.This budget estimates of the income of an organisation
13.Number of years required to keep business records
15.It does not attract GST
17.One of the Bookkeepers competitive advantage
18.The Better of overall test acronym
19.A method for account for inventory
21.One of the accounts closed at the EOFY
Down
2.An Employee entitlement
3.Given to employee at the EOFY
4.Number of gold medals for Australia at 2012 Olympics
5.A prepaid expense
6.MYOB and QuickBooks generally use what type of cost’ method to determine the value of a given inventory item to be transferred
8.An agreed payment to an employee given at regular intervals
11.This animal has a trunk
14.This budget estimates activities that will affect profit
16.An example of a non current asset
20.A current asset

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