1
A document that records a company’s assets and liabilities at a certain moment in time.
2
Everything that a company owes to others, like loans and mortgages.
3
An accounting system in which each transaction is recorded as both a credit and a debit, an asset and a liability.
4
Money coming in (inflows) and going out (outflows) of a company.
5
The total amount of money a company receives from the services or products it sells.
6
Cash and funds, but also machinery and tangible assets that can contribute to earning more money, like computers, company vehicles, etc.
7
An entry that shows how much money a company receives.
8
Everything a company owns, including cash, accounts receivable (money a company is going to receive, see below), property and goods.
9
The money a business is left with after deducting all the expenses.
10
An amount of money before taxes are deducted.
11
An entry that shows what a company spends.
12
An amount of money that is left after taxes have been paid.
