Across
- 8. another name for balance sheet
- 9. runs from top to bottom or up and down
- 12. is the money spent, or costs incurred, by a business
- 15. is used to calculate net profit or net loss.
- 16. goods bought by the business for the purpose of selling them again.
Down
- 1. runs left-to-right or across the page
- 2. The cost of the goods sold exceeds sales
- 3. another name for the trading and Profit and loss.
- 4. the value of all sales of goods and services
- 5. is used to calculate gross profit or gross loss.
- 6. Where the sales income exceeds the cost of goods sold.
- 7. difference between the amount earned and the amount spent in buying.
- 10. refers to the direct costs of producing the goods sold by a company.
- 11. stock
- 13. transaction between buyer and seller
- 14. business has more expenses than earnings