Type
Crossword
Description

This crossword contains the following questions and answers:

Department responsible for all types of taxes (4) HMRC
An accounting technique used to spread the cost of an asset over its life (12) depreciation
assets bought from capital expenditure (7),(5) Capital Items
A fee paid to a salesperson in return for services in completing a sales transaction (10) Commission
Item of value owned by an individual or firm (5) asset
item of value owned by a business that is likely to stay in the business (5),(6) fixed assets
money owed to the business from sales made but not yet paid for (5),(11) trade receivables
shortfall suffered when business income is less than expenditure (4) loss
sales revenue minus the cost of goods sold (5),(6) gross profit
quantity sold multiplied by the selling price (5),(7) sales revenue
money invested by the owners or the investors that is used to set up a business or buy additional equipment (7),(6) capital income
large amount of money lent by a bank or financial institutions (4) loan
long term loan, usually 25 years (8) mortgage
a plc can sell these to the public to raise revenue but a ltd can only sell these to family and friends (6) shares
assets owned by the business and adds value to the business but cannot be touched (11) intangibles

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Accounting Terms: Back to Basics Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

describes the sources and uses of cash for a reporting period Statement of cash flows
charge for using money until repaid at a future date Interest
security that represents ownership in a corporation; holders exercise control by electing a board of directors and voting on corporate policy Common stock
amount by which a company's value exceeds the value of its individual assets and liabilities Goodwill
class of ownership in a corporation that has a higher claim on its assets and earnings than common stock Preferred stock
net sales minus cost of goods sold Gross profit
record within an accounting system where increases and decreases in a specific asset, liability, equity, revenue, or expense are entered and stored Account
process of allocating the cost of an intangible asset to expense over its estimated useful life Amortization
an entry that increases asset and expense accounts, and decreases liability, equity ad revenue accounts Debit
income statement, balance sheet, statement of changes in owner’s equity, and statement of cash flows Financial statements
customers and other individuals and organizations who owe a company Debtors
journal entry at the end of an accounting period to bring an asset or liability account to its proper amount and update the related expense or revenue account Adjusting entry
total cost of an asset less its accumulated depreciation Book value
an asset created by selling products or services on credit Accounts receivable
method to assign cost to inventory that assumes items are sold in the order acquired FIFO
entity created by law and separate from its owners Corporation
inflows of assets in exchange for products and services provided to customers as part of a company’s operations Revenues
length of time an asset will be productively used in the operations of a business Useful life
occurs when expenses exceed revenues Net loss
merchandise a company owns and expects to sell in its normal operations Inventory
estimate of amount to be recovered at the end of an asset's useful life Salvage value
expense created by allocating the cost of plant and equipment to periods in which they are used; represents the expense of using an asset Depreciation
resources owned or controlled by a company that provide expected future benefits to the company Assets
a liability created by buying products or services on credit Account payable
obligations due to be paid or settled within the longer of one year of the operating cycle Current liabilities
equals a corporation’s accumulated net income (loss) for all prior periods that has not been distributed to shareholders Retained earnings

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Entrepreneurship Vocab Review Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Person who works for someone else employee
Person who provides a product or service for someone else for money entrepreneur
Process of running a business of one's own entrepreneurship
Things used to create products or services resources
Person who is a customer consumer
Business that makes the products it sells manufacturing
Money made from providing a good or service income
Costs for supplies used in business expenses
Result when income is greater than expenses profit
Amount added to the cost to determine selling price markup
Federal, state, or local government tax charged on goods sales
Creative problem-solving method that involves coming up with a large number of fresh ideas brainstorming
List of things to be discussed or done in a meeting agenda
Amount subtracted for the retail price to determine the selling price markdown
Making choices and satisfying the wants and needs of consumers economics
Occurs because people's wants and needs are unlimited while the resources needed to produce goods and services are limited scarcity
How much of a good or service a producer is willing and able to produce at different prices supply
Costs that must be paid no meter how much of a good or service is produced fixed
An individual's need or desire for a product or service at a given price demand
Value of the next best alternative opportunity cost
Costs that go up and down depending not he quantity of the good or serve produced variable
Products and services that are brought in from another country to be sold exports
Expenses that a business has every month operating
Financial statements based on estimates pro forma
Item of value owned by a business assets
One-time only expenses that are paid to open a business start up costs
Amount of sales that must be made to cover all of the costs of a business breakeven point

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Personal Finance Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Financial gain Profit
estimation of revenue and expenses to manage money Budget
Money paid to you by the company based on the performance Dividend
Shares are bought and sold through _____________ ASX
person who specialises in buying and selling shares stockbroker
money you make when you sell something for a higher price than what you paid for Capital gain
Way to save for retirement superannuation
money received through investments or work income
A ________ cost is something you spend money on every week fixed
A _______ cost is anything that you don't have a defined amount of spending every week variable
main provider of finance to businesses and consumers bank
something that is borrowed loan
an alternative to paying instead of cash, a plastic object credit card
Used by purchasers to buy real estate Mortgage
Income minus expenditure savings
Someone you owe money to Creditor
Person who owes money to someone Debtor
capital raised by a company, you can invest on this in asx stock
Money paid or received for work services Wages
money that is owed debt

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Personal Finance Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

Income, especially when of a company or organization and of a substantial nature. Revenue
An estimate of income and expenditure for a set period of time Budget
The proportion of a loan is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. Interest Rates
Money paid regularly at a particular rate of the use of money lent, or for delaying the repayment of a debt. Interest
The capital raised by a business or a corporation through the issue and subscription of shares. Stocks
A certificate issued by a government or a public company promising to repay borrowed money at a fixed rate of interest at a specified time Bonds
A system of money in general use in a particular country. Currency
Borrow (a sum of money or item of property). Loan
Expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture. Investing
Money received, especially on a regular basis, for work or through investments. Income
Pay out (money) in buying or hiring goods and services. Spending
The money one has saved, especially through a bank or official scheme. Savings
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. Credit

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Key Financial Literacy Terms: Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

something of value Assets
the date a loan is due maturity
other types of debt other than a mortgage Notes Payable
the money a person borrows to buy real estate Mortgage
equipment, inventory or other goods that are pledged to the bank in case a company can't make a loan payment Collateral
the right to take possession of collateral until a debt is repaid Lien
debt from a bank Loan
investors who make small investments in an enterprise AngelInvestors
the act of making a business different Differentation
cost that do not vary based on the units sold by your enterprise FixedCost
a determination of how many units you have to sell in order to pay for all fixed cost BreakevenAnalysis
funds contributed by investors to a business Credit
expenditures on equipment the business will use for many years Capital
unit price minus the cost of goods sold ContributionMargin
the costs that make up one unit of what you sell CostofGoodsSold
the 12 month period a company uses to report financial results FiscalYear
a person or company with sufficient liquidity who guarantees to repay a loan if a company cannot Guarantor
this type of credit requires little documentation; decisions are almost immediate and interest rates are very high OnlineCredit
the amount of money borrowed Principle

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Personal Finance Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

median on exchange currency
debt instrument issued for a period of more than a year bonds
trusted payment credit
lending; a grant loan
putting money to use by purchase or expenditure investing
monetary payment; received for good or services income
a share, right, or title in the ownership of property interest
preserving saving
supply of goods kept on hand for sale to customers by a merchant stocks
the amount charge interest rate
an estimate often itemized of expected income and expenses budget

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Budgeting Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

An essential item required for life. Need
Something unnecessary, but desired. Want
A fundamental belief about what is desirable, worthwhile, and important to an individual. Value
A spending plan for managing money during a given period of time. Budget Plan
Money earned through employment and investments. Income
An amount of money spent to buy goods and services for yourself. Expense
An amount of money that is the same each time you pay. Fixed Expense
Costs that change in amount each time they are paid. Variable Expense
Something owed to another - an obligation. Debt
A debt for which you are liable for - financial obligation. Liabilities
A value that is owned. Assets
To divide/distribute as necessary. Allocate
Ability to pay all debts. Solvent
Inability to pay all debts. Insolvent
The amount by which assets exceeds liabilities. Net Worth
Specific, Measurable, Attainable, Realistic, Time Bound SMART

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Personal Finance Terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

person or organization that uses a product or service consumer
form of deferred payment credit
obligation of repayment owed by one party debt
system which goods are produced and distributed economy
to be an informed consumer; Financial... literacy
fee paid by a borrower to the lender interest
a debt evidenced by a “note” loan
decisions made by an individual regarding their money personal finance
anything owned by an individual assets
earnings from work or investments income
state of being obligated according to law liabilites
delayed gratification discipline
detailed proposal for doing or achieving something plan
currency and coin that are legal tender by government money
a written cash flow plan budget
an insistent request made as if by right demand
dividing money a person invests between several types of investments. diversification
quality of an asset that permits it to be converted quickly into cash without loss of value liquidity
payment or concession to stimulate greater output or investment incentive
obligates the borrower to make a predetermined series of payments mortgage
interest paid (daily, monthly and annually) on interest previously earned compound interest
$500 in readily available cash for emergencies only; the goal of the First Foundation emergency fund
percentage paid to a lender for the use of borrowed money; percentage earned on invested principle interest rate
the 5 steps to financial success five foundations
saving money over time for a large purchase sinking fund
a persistent rise in the price of goods and services inflation
recurrent fluctuation in the total business activity of a country business cycle
an accumulated stock of wealth, whether in money of property capital
to bargain or exchange in trade barter
an agreement between two or more parties that limits the action or inaction of each party contract
a specified sum of money covered for by the patient’s insurance copayment
person or firm to whom money is due creditor
investment in stocks, property, or other ventures in hopes of gaining speculation
not having enough paid work or not doing work that makes full use of their skills and abilities underemployed
a sum of money paid to a patentee for the use of a patent royalty
a thing that is wanted or required need
income, especially from a company or organization of a substantial nature revenue
give, put, or send (something) back to a place or person return
the degree of wealth and material comfort available standard of living
a U.S. government agency responsible for collecting taxes and enforcing tax laws IRS

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Financial Terms Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

This is the assets (or money) available to an organisation to re-invest and create new assets. It starts with C. Capital
An ______ is an independent examination of an organisation's records and financial statements (report and accounts). Audit
These are things which are owned by a business such as buildings, vehicles, stock and money in the bank. Assets
You make this if you sell or dispose of a long−term asset (such as a building) for more than it cost you. Two words ______ G____ Capital Gain
These are short−term assets which are constantly changing in value, such as stocks, debtors and bank balances (two words) Current Assets
This is the value of a company’s assets minus any liabilities. Basically, the value of something less the money owing on it. Equity
Any of the costs involved in running the business. Expenses
A __________ is one which is intended to be used for several years and not be converted into cash. Examples are buildings, machinery and vehicles (two words) Fixed Asset
This is the difference between the selling price of goods and what they cost to buy (two words). Gross Profit
These are debts that a person or an organisation owes. Liabilities
This is the profit left after all overheads have been taken off (two words). Net Profit
A detailed projection of all estimated income and expenses based on forecasted sales revenue for a year (two words) O_______ ________ Operating Budget
The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Revenue
Trainer's name Maree

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Unit 4 review Crossword

Type
Crossword
Description

This crossword contains the following questions and answers:

all income that a business receives over time Revenue
the cost of operating a business Expenses
provides detailed plans for the financial needs of many Budget
plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable Start-up budget
describes the financial plan for ongoing operations of a business for a specific period Operating Budget
an estimate of the actual money received and paid out for a specific period Cash budget
used to record and analyze the financial performance of a business Financial Records
a report that covers the revenue and net income or loss for a specific period Income Statement
the financial record of employee compensation, deductions and compensation Payroll
refers to the day-to-day financial activities associated with using limited income to satisfy your unlimited needs and wants Money Management
the difference between a persons assets and liabilities Net Worth
any difference between actual spending and budgeted amounts Budget Variance
a report that summarizes your current financial condition and sets a direction for future financial activities Financial Plan
supervises and regulates member banks to help banks serve the public efficiently Federal reserve system
offer a wide variety of financial services Commercial Bank
used for ATM transactions Debit Card
a written notice that tells the bank not to pay a certain check Stop payment order
the storing of money for future use Saving
using your savings to earn more money Investing
the ease with which an investment can be changed into cash without using its value Liquidity
the price at which stocks are being bought and sold Market Value
the difference between the price at which you can currently sell your house and the amount owed on the mortgage Equity

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