Relier Pairs Accounting TermsVersion en ligne Can you match the Accounting Term to the Definition? par Connected Business English 1 Balance Sheet 2 Accrual 3 Liability 4 Loss 5 Profit 6 Pre-Payment Where costs exceed income A summary of the financial balances of an individual or organisation The process of recording income or expenses when they occur An income distributed to the owner in a profitable market production process 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