a specific record in a general ledger used to sort, store, and track financial transactions

a state of equilibrium where opposing forces, weights, or elements are equal, steady, and proportioned

is a plan that tracks your expected money coming in (income) and money going out (expenses) over a specific period of time

money in its most direct and liquid form, meaning physical coins and paper banknotes

a bank or credit union account designed for everyday spending and managing short-term money

an open, treeless area in the middle of a forest or woods, or the process of settling financial trades and bank payments

fixed, flat fee you pay out-of-pocket for a covered healthcare service or prescription drug at the time you receive it.

an agreement that lets you get money, goods, or services right now with the promise that you will pay for them later

money taken out of a bank account,

Debt is money, goods, or services that one party (the borrower) owes to another party (the lender), along with a promise to pay it back later.

money taken out of a bank account,

double entry accounting

a bookkeeping method where every financial transaction is recorded in at least two different accounts

the cost of operations, resources, or services consumed by a business or bank to generate revenue

refers to any money or value received in exchange for labor, goods, services, investments, or through transfers and benefits

the actual amount of money an employee receives in their bank account or paycheck after all deductions and withholdings are subtracted from their gross pay

a document issued by an employer each pay period that details an employee's gross earnings, itemized deductions, and net take-home pay.

first in order of importance, chief, or main

to move, shift, or convey someone or something from one place, person, position, or situation to another

the state of being useful, practical, or beneficial

Help

Options

focusNode

Didn't know it?
click below

Knew it?
click below

Don't Know

Remaining cards (0)

Know

retry

shuffle

restart

0:00

Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

Normal Size Small Size show me how

budgeing and money

Term	Definition
accounts	a specific record in a general ledger used to sort, store, and track financial transactions
balance	a state of equilibrium where opposing forces, weights, or elements are equal, steady, and proportioned
budget	is a plan that tracks your expected money coming in (income) and money going out (expenses) over a specific period of time
cash	money in its most direct and liquid form, meaning physical coins and paper banknotes
checking account	a bank or credit union account designed for everyday spending and managing short-term money
clearing	an open, treeless area in the middle of a forest or woods, or the process of settling financial trades and bank payments
copay	fixed, flat fee you pay out-of-pocket for a covered healthcare service or prescription drug at the time you receive it.
credit	an agreement that lets you get money, goods, or services right now with the promise that you will pay for them later
debit	money taken out of a bank account,
debt	Debt is money, goods, or services that one party (the borrower) owes to another party (the lender), along with a promise to pay it back later.
deposite	money taken out of a bank account,
double entry accounting	a bookkeeping method where every financial transaction is recorded in at least two different accounts
expense	the cost of operations, resources, or services consumed by a business or bank to generate revenue
income	refers to any money or value received in exchange for labor, goods, services, investments, or through transfers and benefits
interest payment	refers to any money or value received in exchange for labor, goods, services, investments, or through transfers and benefits
net pay	the actual amount of money an employee receives in their bank account or paycheck after all deductions and withholdings are subtracted from their gross pay
paystub	a document issued by an employer each pay period that details an employee's gross earnings, itemized deductions, and net take-home pay.
principal	first in order of importance, chief, or main
transfer	to move, shift, or convey someone or something from one place, person, position, or situation to another
utilities	the state of being useful, practical, or beneficial

Created by: nrice32

"Know" box contains:
Time elapsed:
Retries: