IG Finance Revision

1234567891011121314151617181920
Across
  1. 5. Financial services for poor people
  2. 10. Long-term loan certificates that are repaid with interest
  3. 11. Becomes the opening balance of the next month
  4. 15. Revenue - Cost of sales
  5. 16. Selling debt to specialist agency for immediate cash
  6. 17. Examples are sales of products for cash and payments made by debtors
  7. 19. Opening inventory + Purchases - Closing inventory
  8. 20. Money spent on day-to-day expenses
Down
  1. 1. Fall in value of asset over time
  2. 2. Raising money from a large number of people
  3. 3. Examples are purchasing supplies for cash and paying wages
  4. 4. Profit after taxes left in the business
  5. 6. Records income and costs of a business during a financial year
  6. 7. Selling price X Units sold
  7. 8. Revenue-Total costs
  8. 9. Measures proportion of total capital raised from long-term loans
  9. 12. Cash inflows-Cash outflows
  10. 13. Finance needed to pay day-to-day costs
  11. 14. Bank agrees to let a business spend more money than in its account
  12. 18. Gross profit - Expenses