Relacionar Columnas Accounting TermsVersión en línea Can you match the Accounting Term to the Definition? por Connected Business English 1 Accrual 2 Profit 3 Pre-Payment 4 Loss 5 Balance Sheet 6 Liability An income distributed to the owner in a profitable market production process Something a person or company owes, usually a sum of money Where costs exceed income A summary of the financial balances of an individual or organisation The process of recording income or expenses when they occur The settlement of a debt or installment loan in advance of its official due date.