Financial Accounting Terms

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

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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