accounting vocab

3. a list of all the accounts you must use to record financial transactions in your general ledger.
5. a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
7. measure the relationship between two or more components of financial statements.
9. a list of goods sent or services provided, with a statement of the sum due for these; a bill.
10. the state of a stock, bond, or other assets that cannot easily and readily be sold or exchanged for cash without a substantial loss in value.
12. funds paid into a business by investors in exchange for common stock or preferred stock.
14. allows a business to obtain immediate capital or money based on the future income attributed to a particular amount due on an account receivable or a business invoice.
15. an amount of credit extended to a borrower.
16. the amount of actual money a business has at its disposal.
17. the capital that a business raises by taking out a loan.
18. one of the three major financial statements that report a company's financial performance over a specific accounting period.

1. investments an individual may easily convert to cash without incurring fiscal penalties.
2. a financial statement that provides aggregate data regarding all cash inflows that a company receives from its ongoing operations and external investment sources.
4. generally defined as the ratio of net profit over the total cost of the investment.
6. physical or tangible items that a company owns and uses in its business operations to provide services and goods to its customers and help drive income.
8. a measure of financial performance calculated by dividing net income by shareholders' equity.
11. something pledged as security for repayment of a loan, to be forfeited in the event of a default.
13. the money a company's customers owe for goods or services they have received but not yet paid for.