Finance

1. income that business
4. income and expenses
7. what a company owns; anything of value owned by a business
9. what a company owes
12. budget-describes financial plan
13. sheet a report that lists a company’s assets, liabilities, and owner’s equity

2. cost of operating a business
3. deposit funds are deposited electronically and available automatically for your use
5. a limit of expense
6. differences between actual and budgeted performance
8. record a financial document that contains information on all employees of the company, their compensation, and benefits
10. statement a report of revenue, expenses, and net income or loss from operations for a specific period
11. performance ratios comparisons of a company’s financial elements that indicate how well the business is performing
12. equity the value of the business after liabilities are subtracted from assets; the value of the owner’s investment in the business
14. budget actual money received or paid