A claim against a debtor, carried on an open account
What is Account Receivable
100
a liability to a creditor, carried on open account, usually for purchases of goods and services.
What is Accounts Payable
100
what is insolvency?
situations where a debtor cannot pay the debts they owe.
100
the total sum of money set aside or needed for a purpose
What is Budget
100
a statement of the financial position of a business on a specified date.
What is Balance Sheet
200
the sum of the after-tax profit of a business plus depreciation and other noncash charges: used as an indication of internal funds available for stock dividends, purchase of buildings and equipment, etc.
What is cash flow
200
the monetary value of a property or business beyond any amounts owed on it in mortgages, claims, liens
What is Equity
200
cost or charge
What is Expense
200
the total sum of money set aside or needed for a purpose
What is Budget
200
a cost unvarying with a change in the volume of business
What is Fixed Cost
300
the monetary value of a property or business beyond any amounts owed on it in mortgages, claims, liens
What is Equity
300
moneys owed; debts or pecuniary obligations
What is liability
300
the cost of one additional unit of any item produced or bought in quantity.
What is Marginal Cost
300
An asset in the form of money, or one that can be converted quickly into money.
What is Liquid Asset
300
cost or charge
What is Expense
400
any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.
What is Fiscal Year
400
the additional revenue that will be generated by increasing product sales by 1 unit
What is Marginal Revenue
400
any long-term asset, as a building, tract of land, or patent
What is Fixed Asset
400
the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses
What is Revenue
400
a business, cause, or the like in which a person has a share, concern, responsibility
What is Interest
500
funds invested or available for investment in a new or unproven business enterprise.
What is venture capital
500
a cost that varies with a change in the volume of output while remaining uniform on a per-unit basis, as cost of labor
What is Variable Cost
500
Accounting. liabilities as detailed on a balance sheet, especially in relation to assets and capital.
What is Liability
500
a cost unvarying with a change in the volume of business
What is Fixed Cost
500
the actual profit made on a business transaction, sale, etc., or during a specific period of business activity, after deducting all costs from gross receipts.