#1
All of the sources of a business’s income
Total cash receipts
Anything of value a business owns
Assets
Amount of cash left at end of month
Ending cash balance
All costs involved in running a business
Operating expenses
A main source of cash for a business
Sale of products
Bills that customers do not pay
Uncollectible accounts
Funds obtained from banks
loans
Cash from investors
Start-up money
Money paid to government
Estimate of money coming in and going out
Cash flow statement
Often a business’s largest expense
Payroll
Interest income and loan money
Cash receipts
Money earned on savings accounts
Interest
All of a business’s cash payments
Total cash paid out
A major expense for retailers
Cost of goods
Money available at beginning of month
Beginning cash balance
Money withdrawn to pay owners of a business
Owner equity
Protection from financial losses
Insurance
All money available to spend each month
Total cash available
Money from selling land or equipment
Sale of assets