Accounting Knowledge Crossword

1234567891011121314151617181920
Across
  1. 3. Usually refers to the bank account. Records money in and out the business (4,4)
  2. 5. Money spent on an item of capital nature (7,11)
  3. 6. An investment of income into the business such as a loan, which does not relate to the trading sales of the business (7,6)
  4. 8. Credit given to one firm by another for the purpose of purchasing goods or services (5,6)
  5. 9. Costs directly associated with producing the goods for sale (6,8)
  6. 13. Revenue that is generated by the sale of goods or services
  7. 14. This person compiles the financial statements and management accounts
  8. 15. Two or more people trading together in a business
  9. 16. Sent with goods to prove delivery has taken place (8,4)
  10. 17. Keeps all details related to customer activities, e.g. invoices, credit notes, payments and balances (5,6)
  11. 19. Expenditure to facilitate the making of sales and the daily running of the business (7,11)
Down
  1. 1. Items that are the permanent assets of the company and not expected to be converted into cash within the next 12 months (5,6)
  2. 2. Not a separate entity from the business
  3. 4. Company limiting the liability of the investors (7,7)
  4. 5. The money put into the business
  5. 7. An item sold or purchased that has VAT applied at the rate of zero (4,5)
  6. 10. The document to record the order details sent to a supplier (8,5)
  7. 11. To charge the buyer for the goods or services received (5,7)
  8. 12. This person records on a day to day basis, the financial transactions of the business
  9. 18. Someone who owes the business money
  10. 20. an indirect tax payable to HMRC (4,6)