Flashcard review - Accounting

All the money received from business activities during a given period

All the money that a business spends on goods or services during a given period

A financial operating plan showing expected income and expenditure

Anything owned by a business - cash, buildings, machines, equipment, etc.

All the money that a company will have to pay to someone else in the future, including debts, taxes and interest payments

An entry in an account, recording a payment made

An entry in an account, recording a payment received

Adjective describing something without a material existence, which you can't touch

Adjective describing a liability which has been incurred but not yet invoiced to the company

Delayed or postponed until a later time