Financial Accounting Terms

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

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)

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