P.O.A
Across
- 4. The money you have left after paying for business expenses
- 6. The party that has delivered a product, service or loan, and is owed money by one or more debtors
- 9. An agreement between you and a lender that gives the lender the right to take your property if you don't repay the money you've borrowed plus interest
- 12. Amounts of money that have been earned or spent, but not yet paid
- 13. Any resource that a business owns or controls
- 14. Any resource a company could use, turn into cash, or sell within a year.
- 18. Any cost that contributes to a company's overall cost of doing business
- 19. Debts a business must pay within a year.
Down
- 1. Maintains the financial reporting for construction funds that are used for construction, renovation and acquisition of long-lived assets, such as equipment, real estate, buildings and infrastructure
- 2. Is a type of asset finance that allows firms or individuals to possess and control an asset during an agreed term, while paying rent or instalments covering depreciation of the asset, and interest to cover capital cost
- 3. Also known as long-lived assets or property, plant and equipment, is a term used in accounting for assets and property that may not easily be converted into cash
- 5. Physical properties or real estate used for business operations
- 7. A one-time removal or decrease in a business resource or asset
- 8. Occurs when there isn't enough money in an account to cover a transaction or withdrawal, but the bank allows the transaction anyway
- 10. The accounting equation states that a company’s total assets are equal to the sum of its liabilities and its shareholder’s equity
- 11. Debts a company owes third-party creditors that are payable beyond 12 months.
- 15. The total amount of money brought in by a company's operations, measured over a set amount of time
- 16. Individuals, people, or entities that owe money to another entity because they were supplied with goods/services or borrowed money from an institution.
- 17. The money used to build, run, or grow a business