Financial Accounting Terms

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

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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