Across
- 1. a method of bookkeeping in which each financial transaction is recorded in at least two accounts, resulting in a balanced set of accounting records.
- 6. the costs incurred to generate revenue
- 7. the net amount of cash and cash-equivalents being transferred into and out of a business.
- 8. individuals or other businesses that purchase goods or services from a business.
- 10. financial awards given by the government to individuals or organisations for specific projects or purposes. These grants do not need to be repaid
- 13. the inability to convert an asset into cash quickly without a significant loss in value.
- 17. a financial statement that summarises a company's assets, liabilities, and shareholders' equity at a specific point in time.
- 18. loans and other financial services.
Down
- 2. Assets = Liabilities + Shareholders' Equity.
- 3. the process of recording financial transactions and maintaining financial records for a business.
- 4. the difference between revenue and the cost of goods sold
- 5. occurs when a business does not have enough cash to meet its obligations, such as paying suppliers or employees.
- 7. an estimate of the amount of money that is expected to flow in and out of the business.
- 8. a method of raising capital through the collective effort of individuals who pool their money to support efforts initiated by other people or organisations.
- 9. a financial journal used to record all the company's cash transactions.
- 11. affluent individuals who provide capital for a business start-up, usually in exchange for ownership equity or convertible debt
- 12. refers to ownership or an interest in assets, often used in the context of business ownership.
- 14. financial institutions that accept deposits from individuals and businesses and
- 15. payment cards issued to users that enable them to make purchases on credit, typically with an agreed-upon interest rate and a set credit limit
- 16. refers to the legal status of a person or entity that cannot repay debts owed to creditors.