Accounting

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Across
  1. 4. A resource owned by a business that has economic value
  2. 6. What are the 5 accounting terms used in A statement of profit or loss
  3. 7. Costs incurred by a business to generate revenue
  4. 8. A type of debt finance that involves being in debt to a organsation/bank
  5. 10. A type of format to write a statement of profit or loss
  6. 11. The owner's interest in a business after liabilities are deducted from assets
  7. 12. A financial statement showing a company's assets, liabilities, and equity at a specific point in time
Down
  1. 1. The financial obligations or debts a business owes to others
  2. 2. A legal business structure that can have 2-20 owners
  3. 3. The income earned from selling goods or services
  4. 5. Trader A legal business structure that has 1 owner
  5. 9. The first stage of the business life cycle
  6. 10. The final profit after all expenses have been deducted from revenue