Finance and Accounting

A system of recording and reporting financial activity is called

• Finance
• Accounting
• audit
• Budger

Things owned by a company

• liablities
• profit
• assets
• loss

Net worth of a business

• balance sheet
• financial statement
• Income statement
• Owners Equity

A formal examination of a company's financial records

• Fiscal Period
• budget
• audit
• revenue

Money owed by a business 

• assets
• loss
• profit
• liabilities

A plan that shows what you expect to earn and spend in a certain period of time

• budget
• financial statement
• Income statement 
• Fiscal period

a written report which describes the financial health of a company

• income statement
• financial statement
• Owner's Equity
• statement of change

cost of maintaining and operating a business

• assets 
• expense
• loss
• profit

The amount of money a company earns

• revenue
• assets 
• audit
• equity

Results when a business income is greater that is expenses

• asset
• profit
• loss
• fiscal