WorksheetsFinance Terms
Total questions: 15
Worksheet time: 10mins
Ability of a business to continue trading profitably, and for its value to be greater than its debt.
Balance Sheet
Stability
Asset
Profitability
Ability of a business to earn money from its investment in assets and equity.
Financial Position
Stability
Liquidity
Profitability
Ability of a business to repay short term debts when they fall due.
Liquidity
Budget
Stability
Profitability
A (a) is a forecast of the financial position and performance of the business. Used to plan, monitor and control business operations.
This report shows the Financial Stability of the organisation. Shows Financial Position of the business. Lists all Assets, Liabilities and Owner’s Equity
Budget
Balance Sheet
Profit & Loss statement
Cash Flow statement
Items of value owned by the business
Drawings
Capital
Assets
Liabilities
(a) are debts owed by the business to other entities
Overdrafts, payables, loans and mortgages are all examples of
Capital
Equity
Assets
Liabilities
The owners share of the business is called:
Equity
Capital
Drawings
Assets
Capital, Drawings and profit/(loss) are all examples of (a)
What of the following is included on the balance sheet?
Income, assets and capital
Assets, Liabilities and Equity
Equity, Expenses and Income
Liabilities, Equity and Income
Money received by the business. Earned from Operating as well as Non Operating activities. Eg Sales of goods, Fees for services, Interest received from bank for money investment,
Expenses
Profit
Money
Income
Payments for costs incurred by the business
Loans
Bills
Expenses
Revenue
Financial (a) of the business. Shows Profit or Loss and Operating and Non Operating Income and Expenses.
(a) of the business is its ability to pay short-term debts as they fall due.
