Accounting Terminology - Unit 1

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Across
  1. 2. Main source of income for a business (7)
  2. 3. Opening inventory + Purchases + Carriage inwards - Clsoing inventory (4,2,5)
  3. 6. Unsold goods at the year end (7,9)
  4. 7. Goods returned to the supplier (7,8)
  5. 10. Part of the accounts that calculates profit (6,9)
  6. 12. Gives a "snap shot" of the worth of the business at a given date (7,5)
  7. 13. Amounts owed by the business to its suppliers (5,8)
Down
  1. 1. Amounts owed to the business by its customers (5,11)
  2. 4. Type of profit calculated before expenses are deducted (5,6)
  3. 5. The bottom line; what's left after all the expenses have been deducted (6,3,3,4)
  4. 6. Cost of having purchases delivered to the business (8,7)
  5. 8. Owned and used by the business for more than 12 months (3,7,5)
  6. 9. Goods returned to the business by its customers (7,7)
  7. 11. Amount owed to by the business to its owner (7)