Across
- 3. The amount of money going into and out of a businesses bank account.
- 5. Any Costs
- 8. A statement of financial position shows the financial position of a business at a point in time
- 14. will be higher if the business makes more of their product and lower if they make less
- 16. debts owed by a business
- 17. Is another way of describing the total revenue of a business
- 18. revenue - expenditure
- 20. show how a business performed over a period of time (usually a year)
- 21. Anything a business spends money on (i.e. all it’s costs)
- 23. running costs that businesses have to pay regularly when running the business
Down
- 1. fixed costs + variable costs
- 2. always stay the same
- 4. the every-day running costs of a business
- 6. documents that record the financial activities of a business
- 7. The revenue made from selling product after the costs of sales has been deducted
- 9. Items owned by a business
- 10. A plan for the future
- 11. Gross profit - expenditure
- 12. Any Revenue
- 13. The total revenue a business has in a single year
- 15. costs that need to be paid when setting up a new business
- 19. revenue is less than expenditure
- 22. Number of sales x price per unit