Financial Accounting Terms

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

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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