https://padlet.com/douglam006/ljfrpe1hi6silqbx en-us 2023-03-12 19:21:32 UTC 2023-03-12 19:35:16 UTC hello@padlet.com douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377335 is a system with many aspects.  It is the gathering of financial information about the activities of a business or other organization and preparing this information in reports and summaries.]]> 2023-03-12 19:22:08 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377335 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377448 are things of value owned by a business. Assets can be divided into two categories – current and fixed]]> 2023-03-12 19:22:20 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377448 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377511 are the debts owed by a business.  Similar to assets, liabilities are also divided into two categories – current and long-term]]> 2023-03-12 19:22:28 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377511 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377588 is the difference between the total assets and total liabilities of a business.  It is also known as capital or net worth.]]> 2023-03-12 19:22:37 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377588 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377654 t shows the company’s assets, liabilities and net worth on a given date]]> 2023-03-12 19:22:45 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377654 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377798 "the ease of converting an asset or security into cash, with cash itself the most liquid asset of all. Other liquid assets include stocks, bonds, and other exchange-traded securities"]]> 2023-03-12 19:23:01 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377798 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377969 is the financial statement that reports a business’s income and expenses for a fiscal period]]> 2023-03-12 19:23:23 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513377969 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513378084 is the income received by the company, for example, money paid by customers to a hairstylist for a perm, the value of tickets sold for a play, or the bill for a hamburger.]]> 2023-03-12 19:23:37 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513378084 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513378138 the amounts of money paid out in order to produce the goods or services that earn revenue for the business, for example rent, electricity, salaries, bank interest (for businesses, the interest is usually the charge for a loan – an expense, not a revenue), etc.]]> 2023-03-12 19:23:46 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513378138 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513378243 is the difference between revenue and expenses]]> 2023-03-12 19:23:58 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513378243 douglam006 https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513378276 If a business has greater expenses than revenue, the final figure is called a “net loss”.]]> 2023-03-12 19:24:02 UTC https://padlet.com/douglam006/ljfrpe1hi6silqbx/wish/2513378276