Final Accounts By: debshoganteaching Business Bingo Final Accounts By: debshoganteaching

Pick 9 terms from the Table Below Draw a Table with 9 Cells Pick 9 terms from the Table Below The 1st one to cross off all nine terms WINS!! Carriage In Cost of Sales Import Duty Closing Stock Opening Stock Add Gains Overheads Appropriation Dividends Reserves Discount Allowed Net profit Gross profit Cost Depreciation Fixed Assets Current liability Financed By Debtors Creditors Bank overdraft Long term loan Machinery Premises NBV

Definitions The figure subtracted from sales to get gross profit Another word for customs duty The cost of collecting goods purchased from the supplier Portion of profits given to the shareholders The portion of profits that are kept in the business Gross profit less expenses The amount of money falling due within one year Present value of an asset once depreciation in taken Something of value owned by a business The cost of purchasing an asset.

Cost of Sales Import duty Carriage in Dividends Reserves Net profit Current liabilities NBV Assets Cost