Key terms revision Chp 22-25

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Across
  1. 3. is obtained from within the business itself
  2. 5. a financial statement that records the income of a business and all costs incurred to earn that income over a period time (for example one year)
  3. 8. shows the value of a business's assets and liabilities at a particular time
  4. 10. is an estimate of future cash inflows and outflows of a business, usually on a month-by-month basis
  5. 13. the cost of producing or buying in the goods actually sold by the business during a time period
  6. 14. is the cash inflows and outflows over a period of time
  7. 15. are the financial records of a firm's transactions
  8. 17. the income to a business during a period of time from the sale of goods or services
  9. 19. shows how the gross profit of a business is calculated
Down
  1. 1. owned by a business and used within a year
  2. 2. debts owed by the business. they may be non-current liabilities or current liabilities
  3. 4. the sums of money paid out by a business during a period of time
  4. 6. the profit made by a business after all costs have been deducted from revenue
  5. 7. money spent on day-today expenses which do not involve the purchase of a long-term asset, for example, wages or rent
  6. 9. the difference, each month, between, inflows and outflows
  7. 11. those items of value which are owned by the business
  8. 12. is the capital available to a business in the short term to pay for day-to-day expenses
  9. 13. shows the stages between paying out cash for labour, material, and so on
  10. 16. funding a project or venture by raising money from a large number of people who each contribute a relatively small amount, typically via internet
  11. 18. the net profit reinvested back into a company, after deducting tax and payments to owners, such as dividends