Across
- 4. (Products that businesses sell. E.g. Mr Price sells clothes, shoes and accessories. These are all goods.) (5)
- 5. (The different words (terms) you use in accounting. E.g. capital, assets, finances, liabilities etc – the words in your vocabulary list!) (8)
- 7. (Money or funds) (7)
- 9. (How much money you have left at the end of the month after paying all your bills (expenses). Profit = income – expenses) (6)
- 10. (Money borrowed from a financial institution (a bank), relative, loan shark or friend.) (4)
- 11. (The debts of the business – what the business owes others.) (9)
- 13. (People and other businesses the business buys things from.) (8)
- 15. (Buy now and pay later. E.g. My mother has a store card at Ackermans. She can buy things now and pay later.) (6)
- 16. (What you spend to run your business. E.g. Zama spend R100 a week on dishwash he uses to wash cars. The dishwash is an expense.) (8)
Down
- 1. (Provides information about what a business has done with the money it has made.) (10)
- 2. (When your expenses are more than your income at the end of the month. E.g. Zama earnt R1500 at the end of March but he spent R1600 on dishwash and other cleaning materials, so he made a loss of R100. Loss = income<expenses) (4)
- 3. (Possessions (things you own) that are used to run a business. E.g Nosipho owns an oven she uses to make cupcakes to sell. The oven is an asset. She has R2000 in her bank account – money is an asset. She uses a laptop to record her sales – the laptop is an asset.) (6)
- 6. (What the owner puts into their business. E.g. Bonga used his savings of R10 000 to buy tools that he uses in his business. The R10 000 of his own money is called capital.) (7)
- 8. (You pay for a service – you can’t touch of feel what you pay for (nontangible) E.g you use a taxi service to get to Emonti. Your teacher gives you an education – a service.) (7)
- 12. (Money you earn. E.g. Zama earns R150 for every car he washes.) (6)
- 14. (Money you earn by keeping your savings in a bank.) (7)