Relier Pairs Accounting TermsVersion en ligne Can you match the Accounting Term to the Definition? par Connected Business English 1 Profit 2 Liability 3 Accrual 4 Loss 5 Pre-Payment 6 Balance Sheet The process of recording income or expenses when they occur A summary of the financial balances of an individual or organisation An income distributed to the owner in a profitable market production process Where costs exceed income The settlement of a debt or installment loan in advance of its official due date. Something a person or company owes, usually a sum of money
