English for accounting

A list of all employees and their wages

• Balance sheet

• Payroll

• Liquid assets

• Liability

Money remaining after all expenses and taxes have been paid

• Expense

• Property

• Equity

• Net income

Tags

CCSS.7.RP.A.3

The balance of cash receipts minus cash payments over a given period of time

• Cash flow

• Journal

• Equity

• Payroll

Cash or something that is easily convertible into cash

• Balance sheet

• Expense

• Liquid assets

• Property

An accounting record where all business transactions are initially entered

• Balance sheet

• Journal

• Expense

• Net income

Balance sheet

• This word has 2 meanings: "stock (shares)" and "net worth"

• Money that is spent to purchase goods or services provided by someone else

• A detailed summary of a person's or a company's financial condition at a specific point in time, taking into account their assets, liabilities, etc.

• A list of all employees and their wages

Liability

• Something that is legally owned by a person or company

• A list of all employees and their wages

• The balance of cash receipts minus cash payments over a given period of time

• An obligation to settle a debt; money owed to someone

Property

• Something that is legally owned by a person or company

• Money that is spent to purchase goods or services provided by someone else

• A detailed summary of a person's or a company's financial condition at a specific point in time, taking into account their assets, liabilities, etc.

• An accounting record where all business transactions are initially entered

Equity

• Cash or something that is easily convertible into cash

• This word has 2 meanings: "stock (shares)" and "net worth"

• The balance of cash receipts minus cash payments over a given period of time

• A list of all employees and their wages

Expense

• Money that is spent to purchase goods or services provided by someone else

• Money remaining after all expenses and taxes have been paid

• An obligation to settle a debt; money owed to someone

• Cash or something that is easily convertible into cash