1
A supply of capital belonging to numerous investors that is used to collectively purchase securities while each investor retains ownership and control of his or her own shares
2
regular income paid to the workers for their job
3
Amounts owed to entities outside of the business e.g. bank loan, supplier payments & overdrafts
4
Movable furniture that have no permanent connection to the structure of a building or utilities
5
Amount owed to a supplier from the business
6
Amount relating to expenditure for the financial year (excluding purchases of assets or cost of sales) regardless of whether cash has been paid or not
7
Items, usually cash or other assets introduced into the business by the owners
8
Amount owed to the business from a customer
9
Amount of sales made in the current financial year, regardless of whether cash has been received or not
10
something against which the firm receives no benefit. It represents money given up without any return
11
An increase in the value of an asset or property. A gain arises if the selling or disposition price of the asset is higher than the original purchase or acquisition price
12
The goods purchased for selling. If the goods are not sold out fully, a part of the total goods purchased is kept with the trader until it is sold out
13
Tangible or intangible items of value owned by a business e.g. cash, stock, buildings & vehicles
14
Amounts held in the bank
15
Legal tender or coins that can be used in exchange goods, debt, or services
