Financial Accounting Terms

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

Clues

  • A person or firm we owe money to. (8)
  • 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 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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