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Across 1. A resource controlled by the entity as a result of past events, from which future economic benefits is expected for 12 months or less. 4. The characteristic that states that: Reports should be presented in a manner that makes it easy for the user to comprehend their meaning. 7. A resource controlled by the entity as a result of past events, from which a future economic benefit is expected for more than 12 months. 8. A present obligation of the entity as a result of past events, of which the settlement is expected to result in an outflow of economic benefits in the next 12 months. 11. The characteristic that states that: Reports should contain all relevant information which is useful for decision-making. 12. The characteristic that states that: Reports should contain information verified by source document evidence. 14. A resource controlled by the entity as a result of past events, from which future economic benefits are expected. 15. The principle that states that: Transactions should be recorded at their original purchase price. 16. The principle that states that: The business is separate from the owner and other entities, and its records should be kept on that basis. 17. A claim on the assets of the firm, consisting of both liabilities and owner's equity.

Down 2. A present obligation of the entity as a result of past events, of which the settlement is expected to result in an outflow of economic benefits sometime after the next 12 monthss. 3. The principle that states that: The life of the business is assumed to be continuous, and its records are kept on that basis. 5. The principle that states that: All items must be recorded and reported in the currency of the country of location where the reports are being prepared. 6. The principle that states that: The life of the business must be divided into 'periods' of time to allow reports to be prepared. 8. The principle that states that: The business should use the same accounting methods to allow for the comparison of reports from one period to the next. 9. The characteristic that states that: Reports should be comparable over time through the use of consistent accounting procedures. 10. The principle that states that: Losses should be recorded when probable, but gains only when certain. 13. A present obligation of the entity as a result of past events, of which the settlement is expected to result in an outflow of economic benefits.