From the following clues relating to the topic matters covered above, complete the crossword in figure 1.2.

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Across 2 It can be an asset or a liability that still exists after 12 months. 5 An obligation that the business is required to satisfy or pay within the next 12 months (2 words). 8 The type of accounting system used today by businesses. 10 If total sales revenue is greater than total expense then a ..... 11 Part of the accounting process is the i.......... of financial data. 12 Accounting information is prepared for them. 15 Part of the accounting process is the a.......... of financial data. The .......... users of accounting information have very limited access to accounting information. The earnings made from the operation of the business. Accounting is not a science or an art but an ongoing.. 16 17 18 occurs. Down 1 Cash is this (2 words). 3 It is what the owner has put into or invested in the business (2 words). 4 Other businesses that are owed debts are called it (2 words). 6 This group of users of accounting information usually has full access to accounting data. Accounting exists to provide this to the business. 7 9 Part of the accounting process is the c.......... of financial data. 13 It is incurred or spent in making sales or running the business. 14 items of value used by the business in its operations.