Financial Terms

Edit Answers
123456789101112131415161718192021222324252627282930313233
Across
  1. 6. Assets of a business and represent money owed to a business by others
  2. 8. the difference between the selling price of a good or service and the profit
  3. 9. the process of winding up an insolvent company
  4. 10. capital is the difference between all the current assets and current liabilities of the company.
  5. 15. the process of recording the financial transactions of a business
  6. 17. are assets that are held for the long term
  7. 19. value of asset in books
  8. 20. when a private company offers shares in the company to the public for the first time
  9. 21. It is often used as part of the calculation to evaluate a company's value.
  10. 23. an increase in a liability or equity account, or a decrease in an asset or expense account.
  11. 25. non-monetary benefits, such as company cars and mobile phones
  12. 27. A term referencing how quickly something can be converted into cash.
  13. 30. a failure to pay a loan or other debt obligation
  14. 31. This is the company's profit excluding overhead expenses
  15. 32. An expense that been incurred but hasn’t been paid
  16. 33. the process of offsetting goodwill over a period of time
Down
  1. 1. the amount gained when an asset sells above its original purchase price.
  2. 2. economic cost a business incurs in order to earn revenue during its operation
  3. 3. the process of comparing your business to similar businesses in your industry.
  4. 4. A business document in which all ledgers are compiled into debit and credit columns in order to ensure a company's bookkeeping
  5. 5. Accounts Payable are liabilities of a business and represent money owed to others.
  6. 7. an individual is bankrupt when they cannot pay their debts
  7. 11. refers to the net balance of cash moving in and out of a business at a specific point in time
  8. 12. difference between your assets and liabilities
  9. 13. The company's total profit once costs and expenses are subtracted from revenue
  10. 14. an investment in a start-up business that has excellent growth prospects
  11. 16. is the term used to classify the assets that a company has purchased to sell to its customers that remain unsold.
  12. 18. any amount that you owe
  13. 22. another name of indirect expenses
  14. 24. Represents the value of company ownership
  15. 26. a person who promises to pay a loan in the event the borrower cannot meet the repayments
  16. 28. the amount paid on a loan or line of credit that exceeds the repayment of the principal balance.
  17. 29. is the decline in the value of business assets