someting the business owns such as a building, car or inventories.
something the business owns for more that one year such as a building.
Something the business owns for less than one year for example inventories.
someone who owes the busienss money
someone the business owes monet to such as their supplier.
something the business owes for less than one year such as a trade payable.
Something the business owes for more than one year such as a loan.
money or stock taken out of the business by th owner for their own use.
Sales (revenue), less expenses
An expense paid in advance
(part of next year’s or next month’s)
An expense that has not been paid (some of this years)