Financial Accounting Terms

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

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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