Recap

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Across
  1. 4. Business owned and run by one person (no space between words).
  2. 7. Raising money from many small online investors.
  3. 10. Owners’ personal assets are protected from business debts (no space between words).
  4. 12. Ownership capital contributed by shareholders.
  5. 13. Business owned by two or more people sharing profits.
  6. 14. Resources owned by a business.
  7. 15. Person who owns shares in a company.
  8. 16. Direct costs of goods sold (no space between words).
  9. 17. Long-term loan secured on property.
  10. 19. Day-to-day running costs (no space between words).
  11. 20. Total income earned from sales.
  12. 21. Individual providing early-stage capital to startups (no space between words).
Down
  1. 1. Reports showing financial performance and position (no space between words)
  2. 2. Profit after all expenses are deducted(no space between words).
  3. 3. Borrowed money that must be repaid with interest.
  4. 5. Also called the Profit and Loss Account (no space between words).
  5. 6. Debts or obligations owed by a business.
  6. 8. Statement showing assets, liabilities, and equity (no space between words).
  7. 9. Short-term borrowing facility from a bank.
  8. 11. Revenue minus cost of sales (no space between words).
  9. 18. Investment by firms in high-growth startups (no space between words).