financial statement

___ is the total gains before taking out taxes and finance costs.

• Gross profit

• Margin

• Overhead

• Net income

The company will not profit until ____is greater than expenses.

• profit

• revenue

• expenditure

• receivable

_____ is the process of money moving into and out of a company

• Withdrawal account

• Sales revenue

• Cash flow

• Owner's equity

_____ is known as a record of money that is owed to a company for past sales

• Cash equivalent

• Prepaid expense

• Account payable

• Account receivable

Companies with too much ______can't get loans.

• debt

• inventory

• stock

• assets

The sales this year has been ________

• falling

• rising

• fluctuating

• peaking

Sales revenue minus variable expenses comes to ____

• operating cost

• overhead

• fixed expenses

• total margin

A statement of revenue and expenses is also called as ____

• balance sheet

• P and L account

• cashflow statement

• financial statement

A document showing assets, liabilities, and equity is known as ___

• balance sheet

• P and L account

• cashflow statement

• financial statement

The company records most purchases in_________

• debt account

• account payable

• account receivable

• personal account