Accounting

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Assets
What THE BUSINESS OWNS it can be Non Current < 1 year or current
1 of 6
Expenses
On going payments e.g Wages, rent ect
2 of 6
Drawings
PERSONAL USE (Taking money out for personal things) E.g Holidays
3 of 6
Capital
Investment made by owners
4 of 6
Liability
OWE money (must be paid back) DEBT must be paid back in Long or short term payments e.g loan/morgage
5 of 6
Revenue
Earned through selling goods
6 of 6

Other cards in this set

Card 2

Front

Expenses

Back

On going payments e.g Wages, rent ect

Card 3

Front

Drawings

Back

Preview of the front of card 3

Card 4

Front

Capital

Back

Preview of the front of card 4

Card 5

Front

Liability

Back

Preview of the front of card 5
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