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Statement Financial
Personal Finace Statement Financial
Term | Definition |
---|---|
Asset | Items of monetary value a person or household owns |
Expense | Money spent |
Income | Money Recieved |
Investment Asset | |
Liablility | A debt or obligation owned to others |
Market value | The amount you could realistically sell an asset for today |
Monetary asset | Assets that can be quickly and easily converted into cash |
Net worth | |
Statement of financial position | |
Tangible Asset | |
Wealth | A measure of how much a person or household owns once all debts have been paid |