Financial Elements

You need to fill in the following sentences and then find the words in the wordfind.

1.

For an item to be an asset it must meet the following three criteria: * _ _ _ _ event * c_ _ _ _ _ _ * future _ _ _ _ _ _ _ _ benefit 2. Examples of assets: b________ motor _ _ _ _ _ _ _ _ 3. Bob bought some timber from Mitre 10 and charged it to his account. Bob now owes Mitre 10 money so he is an accounts _ _ _ _ _ _ _ _ _ _ to Mitre 10. 4. For an item to be a l_ _ _ _ _ _ _ _ it must meet the following three criteria: * past transaction * present obligation * outflow of f_ _ _ _ _ economic benefits 5. Examples of liabilities: l___ m_______ 6. Assets minus Liabilities equals Owners _ _ _ _ _ _ 7. Another term sometimes used for Owners Equity is _ _ _ _ _ _ _.
U L I C T S T L I T R S A L M P O A M L P S T I E T T O V L I L G Y U L M S I U E B C M S G M B B E U A E I A T P G Y P E G A D L E L C A Y E I L A I A P A T E T A N A E N E O C A T L I A I V T L S S S T E S B S A L E O L I I E L G O I O G U E E N O T V P L A I I N G P Q U I C A I E C L R U R B C O O A Y C B I A R A N L P O E F C E I T R U C T T Q I S N C U T B A N G R O I C T T A N A T L U G T G I L N T A A I E I H S D I Y Y G I O U T B O H S I I A O I C I E P M S T M L U C A G F E A L S L I L E P E V B I Q I S S O T I C I L E T L I E E D M I G S G U U L Q T E N I I Y G E G T U P M O P R L I G Q I E O A N S O L L L A S O C Y R O L M A E E C N L U T O O A C O E B N L S T O T L L I G U U U T D E E L I A E E I B I G O L I S L D O I L I O G I T U A P O E O A A L E A V T T M I C T T A E A N C E T I A N G A L B I I O B B U L A U A U L R G U P T L E T I I T O C I N L O T T Y R Y L Y L S O L P U N L O I N I I B N T R A T A O B Y N L I S O C I L A U L Y A A N U E R G R I L R O U D I C T H T S U O Y I T L T G C Y S E E O P D A Y Y Y C M L C A U R T L P I S Y P A D C B L E L L A M E N P B O I G G G O E E R E B A P S T A A I Y G L A L A E I D

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L C

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Answers

past buildings loan

control payable mortgage

economic liability equity

vehicles future capital