The balance sheet

2. another term for stocks (not shares)
4. an example of a current liability
6. this is the first item in the balance sheet after the title
7. the term used for the lowering of an asset's value over time
8. debts of a business, i.e. the money owed to others
10. the comes after total assets
13. refers to the value of the owners' stake in the business
16. These are advances from a financial lender, such as a commercial bank, that needs to be repaid within 12 months
17. refers to the value of equity in a business that is funded by shareholders, either through an initial public offering or via a share issue.

1. the long-term debts of a business, falling due after 12 months of the balance sheet date
3. an example of equity
5. an example of a current asset
9. possessions of a business that have a monetary value.
11. this must be equal to equity for the balance sheet to balance
12. a type of current assets, referring to individual or business customers that owe money to the organization
14. another term for non-current assets
15. an example of a non-current asset