Unit 7 Activity 3

2. A list of goods sent or services provided, with a statement of the sum due for them.
4. Indicates profitability and returns from investments made.
6. A list of financial accounts set up for an organization that is available for use by the bookkeeper for recording transactions.
7. A present borrowing limit that can be used at any time.
10. Assets that are intended for long-term use and are usually not converted quickly into cash.
12. The total amount of income to be received from outside parties.
14. All money in the business accounts, including everything that is in checking, savings, and short-term investment accounts.
15. when a business sells its accounts receivable to a third party at a discount.
16. A ratio with two values taken from an enterprise's financial statements.
17. A type of asset that can quickly and easily be converted into cash while retaining its market value

1. The capital that a business raises by taking out a loan.
2. Summarises income and expenses for a fixed period of time.
3. The snapshot of what your business has and what you owe at a given point in time.
5. shows how much cash came into the business, where it came from, and the cash that went out, and where, over a given period of time.
8. Capital that is free of debt.
9. Something of value pledged as security for repayment of a loan.
11. Assets that cannot easily and readily be sold or exchanged for cash without a substantial loss in value.
13. Measures how well you are generating profits from the money invested in your business.