Across
- 2. This trade is money the business owes from supplies purchased but not yet paid for.
- 6. Any item of value owned by an individual or firm.
- 7. The ability to meet day-to-day expenditures and repay debts
- 9. This is the point at which a business is not making a profit or loss.
- 10. This involves paying to use an asset in instalments to spread the cost over its useful life.
- 13. The value of an asset when it is disposed of by the business.
Down
- 1. An accounting technique used to spread the cost of an asset over its useful life.
- 2. Regular payments made by an individual or company to an insurance in return for protection
- 3. Refers to when one business sells to another business
- 4. This organisation is appointed by the government to represent the interest of the consumer in disputes with financial services providers
- 5. Money owed
- 8. The ability to withdraw money that you do not have from a current account
- 11. When a firm is unable to meet short term cash payments
- 12. This measures a firms ability to meet short-term cash payments