These are amounts owed by the business to the suppliers

These are the money in the form of notes, coins and checks inside the business premises.

These are goods not yet sold or goods to be sold

These are the assets invested by the owners the business

These are the amounts owed by the business to other businesses or individual

These are assets used to transport people or things from one place to another

These are the financial activities of the business.

This is a kind of transaction where there is an immediate use of money

This a kind of transaction where the payment or use of money is late or delayed

This is the amount of money borrowed from the bank

amount of money you need to pay to a bank when you have spent more money than what you have in your account

Tells us the condition of the business

Tell us the profit or loss of the business

The other name of Balance Sheet

The other name of Income Statement

This includes the building and the land area of the building

All money that has been transferred by the owner to business' bank account

Withdrawals of money by the owner for private use

These are assets that can be seen and touch

These are the liabilities to be paid in less than one year

These are the assets that is of benefit to the business for more than one year

The system of money used in particular country

This is the order in balance sheet from the longest lasting to shortest lasting accounts

THIS IS THE SEQUENCE OF ACCOUNTS IN BALANCE SHEET FROM QUICKEST TO TURN INTO CASH TO THE LEAST LIKELY TO TURN INTO CASH.