Personal and Business Finance Key Terms 4.5 / 5 based on 7 ratings ? BusinessKey TermsBTEC NationalEdexcel Created by: MelissaCreated on: 22-07-17 10:03 74259316810 Across 1. When a firm is unable to meet Short-term cash payments (9) 4. Money owed to the business from sales not yet paid for (5, 11) 5. Sales revenue minus cost of good sold (5, 6) 6. A figure that represents the total value of all assets minus the value of all liabilities (3, 6) 10. An agreement with a third party to provide compensation against financial loss in line with conditions laid down in the policy agreement (9) Down 2. Amount of cash available at the end of a set time period, for example at the end of the month (7, 7) 3. An accounting technique used to spread the cost of an asset over its useful life (12) 7. When an individual acquires company money for personal gain, through illegal actions (5) 8. Placing money in a secure place so that it grows in value and can be used in the future (6) 9. Not easily converted into cash e.g. Inventory (8)
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