Income Statement + Balance Sheet

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Across
  1. 4. Resources owned or owed to the business
  2. 7. Reduction in value of non-current assets over time
  3. 11. Money the business OWES to suppliers
  4. 13. Indirect costs such as rent, wages and utilities
  5. 14. Total income from BOTH cash and credit sales
  6. 15. Stock held by the business for sale
Down
  1. 1. Profit after production costs
  2. 2. Money owed TO the business by customers
  3. 3. Document showing assets, liabilities and capital
  4. 5. Current assets minus current liabilities
  5. 6. Movement of money into and out of the business
  6. 8. Owner’s investment in the business
  7. 9. Debts the business must repay to others
  8. 10. Direct costs of producing or purchasing goods sold
  9. 12. Final profit after ALL expenses are deducted