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