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ASA Accounting Terms Crossword

Horizontales
Someone you owe money to
Statement reporting ASA's financial position at a point in time
Money owed to ASA
Also known as Statement of Financial Performance
Everything ASA owns such as cash, inventory, buildings, equipment and vehicles
Goods and Services Tax
ASA's Total Assets less Total Liabilities
Verticales
Assumption that ASA has the resources to keep operating for the foreseeable future
ASA's Total Assets less Total Liabilities
Heading of profit and loss indicates the _ of time covered by the statement
Revenues reported on income statement when earned rather than received and expenses reported as incurred rather than paid
Cash and other assets that will turn to cash within one year of the balance sheet date
Information presented with financial statements giving additional detail on the 'number' given in the accounts
The ability to pay short-term obligations
Allocating the cost of a long lived asset over its useful life to the Statement of Financial Performance
Everything ASA owes to others such as employees, creditors, and clubs, and reported on the Statement of Financial Position