UNIT 7

THE COMING IN & OUT OF MONEY TO ENSURE IT DOESN'T RUN OUT

• PROFIT AND LOSS ACCOUNT

• BALANCE SHEET

• CASHFLOW STATEMENT

A SNAPSHOT OF A BUSINESS' VALUE AT A GIVEN TIME SHOWING WHAT IT HAS AND WHAT IT OWES

• PROFIT AND LOST ACCOUNT

• BALANCE SHEET

• CASH FLOW STATEMENT

THE MONEY THEY HAVE TO PAY AT SOME TIME IN THE FUTURE

BUSINESS' MONEY IN THE BANK OR MONEY OWED TO THEM

THE PROFIT AFTER DEDUCTING RUNNING COSTS

MONEY GOING OUT OF BUSINESS IN A SPECIFIC PERIOD

SOME THINGS THAT A BUSINESS OWNS THAT CAN'T BE EASILY TURNED INTO CASH

A FINANCIAL STATEMENT THAT SHOWS REVENUES AND EXPENSES OVER A PERIOD OF TIME

• PROFIT AND LOSS ACCOUNT

• BALANCE SHEET

• CASH FLOW STATEMENT

A DOCUMENT THAT PROVIDES A SUMMARY OF CASH RECEIVED AND CASH PAID OUT

• BALANCE SHEET

• CASH FLOW STATEMENT

• PROFIT AND LOSS ACCOUNT

A REPORT THAT SHOWS THE FINANCIAL POSITION OF A COMPANY AT A SPECIFIC DATE

• CASH FLOW STATEMENT

• BALANCE SHEET

• PROFIT AND LOSS ACCOUNT