Fill the first blank with the one of the right terms (Managements personal agenda; or Off balance sheet item) and the second blank with one of the right terms (Understating Liabilities; or Overstating Assets; or Impact on key ratios & the big picture)

Firms that adopt wrong practices usually employ:

Example: CEO salaries are a Managements personal agenda and is used for Impact on key ratios & the big picture

1. Capitalization of Expenses are a ______________________________ and is used for _______________________
2. Contingent Liabilities are a ______________________________ and is used for _______________________
3. Change to relatively unknown external auditor are a ______________________________ and is used for _______________________
4. Discrepancy in valuing obsolete inventory are a ______________________________ and is used for _______________________
5. Constant non-provision for advances/loans (along with a note mentioning the same) are a ______________________________ and is used for _______________________
6. Inflating Capital credit and simultaneously decrease trade Creditors are a ______________________________ and is used for _______________________
7. Inflating Revenue through tweaking revenue recognition policy are a ______________________________ and is used for _______________________