Topic 1 - opener

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Across
  1. 4. E____________ - the costs incurred in running a business, such as rent, wages and electricity.
  2. 5. R____________ - trade ___________- money owed to the business by customers
  3. 8. L____________ - amounts owed by a business to others
  4. 11. I____________ - goods held by a business for resale.
  5. 12. P____________ - trade ___________ -money owed by the business to suppliers
Down
  1. 1. A____________ - the process of recording, classifying and summarising financial transactions
  2. 2. S____________ - the total value of goods or services sold to customers.
  3. 3. C____________ - ________ sale - a sale where the customer pays at a later date.
  4. 6. C____________ - money held by the business in notes, coins or bank accounts.
  5. 7. B____________ - a financial plan showing expected income and expenditure for a future period.
  6. 9. A____________ - resources owned by a business
  7. 10. C____________ - the owner's investment in the business.