Unit 15 - Final Accounts

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Across
  1. 2. The value of goods and services bought to resell or make another product.
  2. 4. Also known as retained earnings/ profit
  3. 6. The value of shares already sold by the business to shareholders.
  4. 9. Money owed by the firm that will be repaid over a long period of time
  5. 10. Profit earned after all expenses have been taken away
  6. 11. Items of value that the business owns
  7. 13. Extra incomes earned outside of selling goods and services
  8. 14. Also known as Income Statement 1, records goods and services that were bought and sold by a business during a trading period. It shows if the business made a gross profit or a gross loss.
  9. 15. Current assets - current liabilities
  10. 17. Amounts that the company owed
  11. 18. Profit before expenses are taken away
Down
  1. 1. Fees incurred from running the business
  2. 3. the stock left over at the end of the trading period.
  3. 5. A list the businesses assets and liabilities
  4. 7. The value of goods and services sold by the business
  5. 8. Amount of profit paid to shareholders
  6. 12. Where the finance of the business comes from
  7. 16. This is the stock which the business has at the start of the trading period.