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Financial Accounts

Revision of Key terms

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Across Down
3 Possessions of an organization intended to be liquidated (turned into cash) within twelve months
4 The profit from a firmís everyday trading activities. It is calculated by the formula: Sales revenue Ė Cost of goods sold.
5 A firm's direct costs of production
6 Debts of a business
7 Long-term asset
8 Any funds left over from net profits (after interest and tax) that is not paid to shareholders is kept within the business for its own use.
10 The payments from a companyís net profit (after interest and tax) paid to the shareholders (owners) of the business.
11 Possessions of a business with a monetary value
12 Money that a firm has for its daily operations.
13 The money an organization earns from selling goods and services.
1 Section of the P&L shows the value of a firmís profit (or loss) before deducting interest payments on loans and taxes on corporate profits.
2 A firmís indirect costs of production
9 The compulsory deductions paid to the government as a proportion of a firmís profits.
 
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