Financial Accounting Terms

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

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)

Comments

No comments have yet been made

Similar Accounting resources:

See all Accounting resources »See all Financial Accounting Terms resources »