Accountancy Terms

3. Money coming into a business through sales
4. Revenue less costs
6. Assets like land, machinery and equipment bought for the long-term use of the business and not for resale (5,6)
9. Something owned by a business that has a measurable value
12. All the costs of making a given quantity of items (5,5)
13. A liability that must be paid within the accounting period, normally one year (7,9)
15. Assets like raw materials that are in cash form or used up in operations during an accounting period (7,6)
16. Abbreviation of "Public Limited Company"
17. Another word for sales revenue
18. Expenses that do not change with output e.g. rent (5,5)
19. A statement of a business's assets and how they are financed (7,5)

1. To make neither a profit nor a loss (5,4)
2. A statement showing sales, costs, expenses and profit for an accounting period (6,3,4,7)
5. A negative profit
7. Turnover less cost of sales. Profit before selling and administrative expenses are deducted (5,6)
8. An amount owed by a business to someone else
9. Total revenue divided by the number of good sold (usually the same as price) (7,7)
10. Money leaving a business
11. Gross profit less operating expenses (9,6)
14. Expenses that change with output e.g. raw materials (8,5)