Finance

4. an asset that can easily be converted into cash in a short amount of time.
6. a payment card that deducts money directly from a consumer's checking account when it is used
8. a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt
11. money owed to the business for purchases made by customers suppliers and other vendors
13. a required contribution for the support of a national, state or local government calculated based on income
14. Items of value which a company owns
16. is the amount of money the business has earned after paying income taxes
17. is a deposit account that's designed to hold money you don't need or plan to spend right away
18. a method of paying for goods at a later time paying interest as well as the original money
19. the amount of money you owe to someone else
20. Consists of the initial investment in the business as well as any retained earnings which are reinvested in the business

1. the daily- expenses incurred in the operation of your business
2. an account at a bank against which checks can be drawn by the account depositor
3. a primary document of the general ledger and shows the numerical balances determined by the chart of accounts
5. measures the loss in value of an asset
7. expense items that cannot be clearly associated with a particular product or function
9. All expenses incurred in running your business
10. the costs directly associated with making or acquiring products, such as materials purchased from outside suppliers
12. a summary of a company’s profit or loss during any given period of time like 1 year or 3 months
15. the recording, reporting, and analysis of financial transactions according to accepted principles in order to provide meaningful financial information