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Across 3. Lower value transactions are not separately recorded 4. Inventory must be valued at the lower of cost or net realisable value 5. Assets and profits should be valued conservatively where there is doubt as to the figure 8. Accounting policies adopted must continue to be used 9. Financial information must be useful to its users 10. Assumes that the business intends to continue trading (2 Words)

Down 1. Covers depreciation of the property, plant and equipment 2. Financial information must correspond to and correctly reflect events (2 Words) 6. A practice that is followed over time 7. Income and expenditure are matched to the relevant accounting period