Financial Terms

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