Statement of Financial Position Crossword

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Across
  1. 5. Amounts the business owes suppliers for credit purchases.
  2. 9. The owner's investment in the business.
  3. 10. An amount owed by a business to another person or organisation.
  4. 11. Resources removed from the business by the owner for private use.
  5. 13. The way a business lists its assets on a balance sheet, starting with the assets that turn into cash the fastest and ending with those that take the longest.
  6. 14. An asset expected to benefit the business for more than one year.
  7. 15. A resource with monetary value that is owned by a business.
Down
  1. 1. Arranging assets on a balance sheet based on their longevity or how long they stay within a business.
  2. 2. An asset expected to be turned into cash or used within one year.
  3. 3. Amount owed to a firm or individual which must be paid within 1 year of its creation.
  4. 4. An amount owed that is due after more than one year.
  5. 6. Money belonging to the business that is held in its Bank current account.
  6. 7. Notes and coins kept at the business premises.
  7. 8. Amounts owed by customers for goods or services supplied on credit.
  8. 12. Goods held by a business for resale.