Financial Terms

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