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More cards in this set
Card 6
Front
A financial statement showing the amount of money earned and spent in a particular period and resulting profit and loss
Back
Card 7
Front
Anyone who has an interest in the activities of a business, such as its workers, its suppliers, the local community and the government
Back
Card 8
Front
The point where revenue received meets all of the costs of the business
Back
Card 9
Front
The amount of money that a financial institution or supplier will allow a business to use, which it must pay back in the future at an agreed time
Back
Card 10
Front
Fixed costs that come from running an office, shop or factory, which are not affected by the number of specific products or services that are sold
Back
Card 11
Front
A business that is unable to pay its debts and/or owes more money than it is owed
Back
Card 12
Front
Items that get ‘used up’, such as pens, paper, staples and other items that a business has to replace regularly
Back
Card 13
Front
A credit arrangement that is offered only to businesses by suppliers
Back
Card 14
Front
A facility offered by a bank that allows an account holder to borrow money at short notice
Back
Card 15
Front
A written order to a bank to pay an amount of money from an account holder’s account to a specified person
Back
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