Sole Traders Statement

3. – Money in the bank will generate this ( but not much these days)
5. – Used for a worker who has no part in the ownership of the business
6. – Net surplus of deficit of relevant accounts to determine result of trading.
9. – David will know this one well
10. – Name used to describe material for re-sale.
13. – Traditional name for periodic summary of activity
15. – If the business pays it’s debs promptly
16. – Any item that cannot be allocated to a unit obtained for trading
18. - Found in 2 places in financial statements.
20. – secondary source of income
21. – Name of the income of a business

1. – a Non-Cash expense
2. – This is paid to the council
4. – A business could get this if they acted as an agent.
7. – Got from electricity, Oil, or even Solar
8. – Used to communicate verbally
11. – A legal Requirement on cars, vans and buildings
12. – Title of section to determine Gross Profit
14. – A business could get this if they let out an office in their property.
17. – First piece of paper with queens head called penny black was first modern example of this experience.
19. - This is the cost of a building I do not own.