Financial Accounting Terms

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R V L L A E M H A E L Y R O V F G T B D O
Q A G P J R E N T R E C E I V E D Y V H F
N F I X E D C O S T S O Y L K Y G Q A E S
N T M Q O M L U A B N C R D K R N V A Q A
Q C A P I T A L E X P E N D I T U R E E V
D E P R E C I A T I O N H L R L O Q X U M
G R I G J T S J A J Y N U Q K S Y K G C H
B L T W I K R R I Y L O W N Q W W W Y W H
G R E V E N U E E X P E N D I T U R E O D
K P R C R T Q F J M Q Q A V W R K F W S J
F I X T U R E S F I T T I N G S J Y M F U
L B B P R X X K E E D V U U K R C J I F U
H W E S G D S W J L V M C G D J X T F B M
Y D P I E K Y S U B S C R I P T I O N S U
H S R H E V A R I A B L E C O S T S V J F
R R D P Y H D W Q P M Y E L I S H M B T F
P P F K E X R N K P R E M I S E S G B B Q
S C M E J T R I A L B A L A N C E V L D D
R N S I V G F N W T H T H M D Y F I K K K
P U L O P Y Q F A B X P Q J A A P B N H Q
M C A H T J S R H U E E W N A M J O F W A

Clues

  • A reduction in the value of an asset over time, due in particular to wear and tear. (12)
  • An arithmetical check on the accuracy of the entries in the ledger accounts. (5, 7)
  • Costs that remain the same irrespective of changes in the volume of production, also known as indirect costs. (5, 5)
  • Costs that vary directly with the level of output, also known as direct costs. (8, 5)
  • Each year members will pay a subscription which will entitle them to use the facilities of the club. (13)
  • Expenditure on fixed assets such as premises, furniture, fittings, motor vehicles, etc. (7, 11)
  • Expenditure on purchasing goods for resale or paying other day to day expenses such as rent, rates, insurance, etc. (7, 11)
  • Paid by a tenant to a landlord. (4, 8)
  • Part of the internal furnishings - items that are bolted to the floor or walls, free standing or hung by a nail or hook. Such as shelves in the supermarket. (8, 8)
  • The buildings a business owns, e.g. shops, factories, warehouses etc. (8)

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