Banking terms
Business
StockMarket
Assets
Financial
100
Any business activity involving money is recorded .
Transaction
100
A business earns revenue or income from the sales of goods or services
Revenue
100
all the money that is left over after deducting the cost of goods sold form the revenue
Gross Profit
100
Show the total amount of the goods bought by the business in a year
Purchases
100
The expenses involved in operating all the production facilities
Factory Overhead
200
All businesses operating in Canada have to pay taxes on their profits or earnings
Taxation
200
the movement of cash in and out of the business
Cash Flow
200
all the money that is left over after deducting the gross profit and the expenses
Net Profit/ Net Income
200
Shows how many dollars of liquid assets a business has for every dollar of short term debt
Current Ratio
200
The owner’s investment in the business, or the financial part of the business that is owned by the owner
Owner’s Equity
300
Is a method of recording all transactions for a business in a specific format
Bookkeeping
300
a 12 month operating period for a business
Fiscal Year
300
a business earns revenue or income from the sales of goods or services
Revenue
300
Purchased supplies or inventory on credit
Accounts Payable
300
Are the costs of operating the business during the period the sales took place
Operating Expenses
400
Money borrowed from a bank or other financial institutions
Loans Payable/ Notes Payable
400
liquid assets can easily be turned into cash
Liquidity
400
the difference between the cost of the product and the selling price of the product
Margin
400
Are the things a business owns that disappear quickly, usually in less than one year (cash)
Current Assets
400
The business’ ability to pay its short term debts
Working capital
500
Debts owed to a business by customers, suppliers, etc
Accounts Receivable
500
are the debts of a business
Liabilities
500
When a company sells a stock for a price that is higher than they paid for it
Capital Gain
500
Are things of value that the business owns
Assets
500
A financial statement that shows the financial position of a business on a single, specific date
Balance Sheet
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