Financial Accounting Terms

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

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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