Unit 3 recap

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Across
  1. 5. An asset lasting longer than 12 months
  2. 7. The ways in which assets reduce in value
  3. 10. Profit when gross profit- all other expenditure
  4. 12. A method of capital income
  5. 14. An asset that you cannot touch
  6. 15. Deducting a cost from a previous period
  7. 16. A method of measuring financial performance
  8. 17. Capital generated from sales
  9. 18. A way of depreciating an asset
Down
  1. 1. Something of value to a business
  2. 2. A financial statement giving the value of a business in one moment in time
  3. 3. Lasting longer than 12 months
  4. 4. When an intangible asset depreciates
  5. 6. When a business spends capital
  6. 8. Money coming into a business
  7. 9. Ratio of =Current assets/Current liabilities
  8. 11. A financial statement outlining the inflows and outflows of a business
  9. 13. Carrying over a cost from a previous period