Unit 5. Finance and accounting Chapter 33 Financial statements

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Across
  1. 2. One-time profit that is difficult to repeat or sustain.
  2. 4. Total capital raised from issuing shares, raised from shareholders.
  3. 7. The overhead costs of operating a business, deducted from gross profit to calculate profit from operations.
  4. 8. The total value of assets minus total value of liabilities
  5. 11. The value of a non-current asset after depreciation (original cost minus accumulated depreciation).
  6. 12. Non-physical items of value, such as patents, trademarks and copyrights.
  7. 14. The direct cost of goods sold during the financial year.
  8. 15. The share of profits paid to shareholders, in return for investment in company.
  9. 17. Profit from operations minus interest costs.
Down
  1. 1. Profit that can be repeated and sustained.
  2. 3. The value of debts for goods bought on credit payable to suppliers (accounts payable).
  3. 5. A method where a constant amount of depreciation is deducted from the asset’s value each year.
  4. 6. The value of payments due from customers who purchased goods on credit.
  5. 9. Revenue minus the cost of sales.
  6. 10. The decline in the value of a non-current asset over time.
  7. 13. An item of monetary value owned by a business.
  8. 16. A financial obligation the business must pay in the future.