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Accounting

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Term
Definition
Financial statements   show
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show A financial statement that reports assets, liabilities, and owner’s equity on a specific date.  
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Liabilities   show
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Capital   show
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show Assets = Liability + Owner’s Equity  
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show An amount of goods on hand for sale to customers.  
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show Money which owed to a company by a customer for products and services provided on credit.  
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Accounts payable   show
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show A financial statement showing the revenue and expenses for a fiscal period.  
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show The movement of cash into and out of a business  
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show The different between current assets and current liabilities  
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