Unit 26 Statement of Financial Position

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Across
  1. 4. The total amount of capital invested in a business for the purpose of generating profits.
  2. 8. Shows the value of a business’s assets and liabilities at a particular time.
  3. 9. Items of value owned by a business.
  4. 10. Amounts owed by a business to be paid at a future date.
  5. 11. Long-term debts owed by the business, repaid over more than one year.
Down
  1. 1. Amounts owed to the business by customers who purchased products on credit.
  2. 2. Non-current assets plus current assets.
  3. 3. Short-term debts that must be paid within one year.
  4. 5. Assets that are owned by a business and converted into cash within one year.
  5. 6. Non-current liabilities plus current liabilities.
  6. 7. Property, machinery and other assets owned by a business which will not be turned into cash within one year.