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1 the value of a piece of property (such as a house) after any debts that remain to be paid for it (such as the amount of a mortgage) have been subtracted
8 the total amount of money being transferred into and out of a business, especially as affecting liquidity.
10 a formal record of the financial activities and position of a business, person, or other entity
11 an official inspection of an individual's or organization's accounts, typically by an independent body.
12 displays that all assets are either financed by borrowing money or paying with the money of the company's shareholders.
13 a list of goods sent or services provided, with a statement of the sum due for these; a bill.
14 an association of two or more people as partners
15 are liabilities with a future benefit over one year, such as notes payable that mature longer than one year.
16 a person or organization that buys goods or services from a store or business
17 money owed to a company by its debtors
19 or a supplier, is a supply chain management term that means anyone who provides goods or services to a company or individuals.
20 the direct costs attributable to the production of the goods sold by a company.
24 assets that are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment
25 money owed by a company to its creditors.
26 the simplest business form under which one can operate a business
29 an arrangement under which sums of money spent in the course of business by an employee are later reimbursed by their employer.
30 are a company's debts or obligations that are due within one year, appearing on the company's balance sheet and include short term debt, accounts payable, accrued liabilities and other debts.
2 a financial statement that reports a company's financial performance over a specific accounting period.
3 are used to sort and store transactions involving revenues, expenses, gains, and losses.
4 include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year.
5 a company's set of numbered accounts for its accounting records
6 a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
7 expenses are matched with the related revenues and/or are reported when the expense occurs, not when the cash is paid
8 The chart of accounts is a listing of all accounts used in the general ledger of an organization
9 a corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities.
18 a valuable person or thing
21 the action of helping or doing work for someone.
22 a framework of accounting standards, rules and procedures defined by the professional accounting industry, which has been adopted by nearly all publicly traded U.S. companies.
23 an estimate of income and expenditure for a set period of time.
27 a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
28 a year as reckoned for taxing or accounting purposes
31 income, especially when of a company or organization and of a substantial nature.
32 a complete list of items such as property, goods in stock, or the contents of a building.
33 the state of being legally responsible for something
34 an identifying number used for tax purposes in the United States
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