Running a Business Terminology

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Across
  1. 3. The amount of money your make from selling your goods/services
  2. 5. assets Things that you own for long term (more than 12 months)
  3. 8. and equipment - Factory and machinery
  4. 9. - A loan secured by property
  5. 11. How quickly an asset can be sold for cash
  6. 12. receivable Money that is owed to you from creditors
  7. 13. An intangible asset such as reputation or brand name
  8. 15. assets Assets of a business that can not be physically touched
  9. 18. assets Amounts that people need to pay you within 12 months
  10. 19. People that owe you money
  11. 23. equity The amount of money that an owner invests in their business
  12. 24. When the value of something goes down
  13. 26. The goods that you have on the shelf or in the warehouse which is ready to sell
Down
  1. 1. liabilities Amounts that you owe/have to pay others within 12 months
  2. 2. The same thing as stock; goods ready to sell
  3. 4. expenses Increased costs associated with increased inputs
  4. 6. Something (typically money) that a company owes
  5. 7. The money which is put into the business by the owner
  6. 10. An item with economic value that a business owns with an expectation that it will provide a benefit
  7. 12. payable Money that you owe the debtors.
  8. 14. expenses Expenses that don't change
  9. 16. The revenue minus the expenses
  10. 17. of goods sold The cost of the inputs that are required to make the goods that the business sells
  11. 20. loans A loan which is supported by property that the bank can sell if you don't repay
  12. 21. loans A loan which is not secured by anything
  13. 22. People that you owe money to
  14. 25. Occurs when the expenses which are greater than the revue