Business Flashcards 5.0 / 5 based on 1 rating ? Applied BusinessDefinitions flashcardsGCSEAll boards Created by: 13IlessCreated on: 27-02-18 11:47 Definition of current assets Will last less than one year 1 of 8 Definition of fixed assets Will last for more than one year 2 of 8 Definition of current liabilities Are bills that the company has to pay soon 3 of 8 Definition of long term liabilities Are debts which are owed to others which will take more than one day 4 of 8 Definition of net current assets (also knowen as working capital) Current assets - Current liabilities. This is the money a business has for a day to day expnses 5 of 8 What is an example of a third party payment PayPal 6 of 8 What is start up cost Start up cost is something which you paid for once to start up a business 7 of 8 What is running cost Running cost is a regular cost of producing goods or services 8 of 8
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