Financial Accounting Terms

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

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 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)
  • The buildings a business owns, e.g. shops, factories, warehouses etc. (8)

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