Turnover was up by 12% to £14.5m and ___________ rose by 17% to £4.6m.

These are often shown in a shorter form as Dr. and Cr. They are the two sides used in Double Entry.

Choose the correct synonym of: Profit & Loss

______________ means a building (or a number of buildings) that are owned by a company.

A Financial Statement which shows all the company’s sales and all of its costs, for a period of time.

The job of recording all the entries of a business in its records.

Everything that a company owns. This might include cars, money, buildings and machines.

Financial Statement which lists all the assets and all the liabilities of a company on one particular day, which is very often 31st December. It’s like a photograph because it’s at one moment in time.

_____ is shown in the Income Statement as the calculation of Sales minus Cost of Sales. Clearly, every business needs its Sales to be greater than its Cost of Sales.

The ___________ however, were not able to give a True & Fair audit opinion as there had been major problems with the firm’s bookkeeping during the year.

The _____ of famous sports agency Zamora PLC were published today and made headline news.

The company is running very short of cash and because of that is seeking an __________ to improve its cashflow.