English module test

is a demand money deposit with immediate

availability.

• Asset

• Hoo Account

• Liabilities

• Cash

also known as current or liquid assets,

are a company's assets that can be converted into

money...

• Current assest

• Liabiities

• Cash flow

• Debit

When used as a noun, “credit” records a sum of money received by a company and is included in the right column of an account.

• Debit

• Asset

• Credit

• Cash

The total amount of money that will be paid to a company's employees in the form of salaries, wages, and bonuses.

• Payroll

• Forecasting

• Credit

• Investment

 is when an asset loses value over time. Depreciation commonly occurs when physical assets break down or wear out, such as when an office computer breaks down, a machine breaks down, or a building begins to deteriorate.

• Cost

• Cash flow

• Depreciation

• Asset

 The amount of profit a company  generates, after deducting all costs.

• Payroll

• Debit

• Gross Profit

• Net income

An item that a company or person owns, and that has a monetary

value.

• Asset

• Accounts payable

• Accounts Receivable

• Credit

Represents a company's assets that remain unsold to its

customers.

• T-Account

• Inventory

• Liabilities

• Hoo account

Any debt that a company has not yet paid.

• Liabilities

• Credit

• Expenses

• Revenue

Is a financial report that summarizes revenues, costs,

and expenses incurred during a specific period,

usually a fiscal quarter or fiscal year.

• T-Account

• Account payable

• Profit and Loss

• Gross profit