Accounting Vocabulary - Medium Crossword Puzzle

QUESTIONS LIST:

• audit : an examination of a company’s financial statements.
• balance sheet : an entity’s assets, liabilities, and owner’s equity as of a specific date, also called a statement of financial position.
• accrual : expense that has been incurred but not yet recorded at the year end.
• company : a separate legal entity, owned by shareholders and managed by directors.
• contribution : sales revenue less variables costs.
• depreciation : loss in value of a non-current asset over time.
• dividend : amount distributed to shareholders from distributable profits.
• gross profit : sales revenue minus cost of sales.
• inventory : the value of unsold goods, also known as stock.
• payable : amounts that a business owes and is required to pay.
• receivables : money expected to be received from customers.
• creditors : future financial obligations arising from past transactions or events.
• liquidity : the ability of a business to access enough cash and cash equivalents to pay debts as they fall due.
• payback : the point when a project’s cash flows match the cost of the project.
• invoice : a seller’s request for cash from the purchaser.