Across
- 5. equation A formula that shows the sum of companies, liabilities A=L+E
- 6. the total amount of money brought in by a company's operations, measured over a set amount of time
- 9. a person or institution that owes a sum of money
- 10. Any value that a business enterprise or individual owns
- 11. a physical location where a business operates or conducts its activities
- 12. a company's short-term financial obligations
- 14. Money used to build, run or grow a business
- 16. debts a company owes third-party creditors that are payable beyond 12 months
- 17. cost that brings no benefit
- 18. A long term piece of property or equipment that someone owns
- 20. Principal, interest, taxes and insurance. Principal is the amount of the loan.
Down
- 1. lets you borrow money through your current account by taking out more money than you have in the account
- 2. a type of credit agreement between a buyer and seller
- 3. a means of recording an expense that was incurred in one accounting period but not paid until a future accounting period
- 4. a financial gain
- 7. any resource a company could use, turn into cash, or sell within a year
- 8. a person or company to whom money is owed
- 13. any cost that contributes to a company's overall cost of doing business
- 15. Debts or obligations a person or company owes to someone else
- 19. maintains the financial reporting for construction funds that are used for construction, renovation and acquisition of long-lived assets, such as equipment, real estate, buildings and infrastructure.