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notes
| Question | Answer |
|---|---|
| drawings | money or assets taken out of a business for the owners use |
| current asstes | short term asstes that can quickly be turned into cash |
| mortgage | long term loan based on using property as security |
| debtors | people or business that owe money to an organisation |
| asstes | items in a balance sheet that an organisation owns or is owed |
| current liabilities | debts that a business must pay in the short term |
| fixed asstes | asstes with a life more than one year |
| balance sheet | statemnt |