management jargon

5. review of the financial statements of a business and the accounting practices that were used to produce them
10. revenue earned from selling goods or services
11. rules, standards, and practices that a business follows to record and report financial information
13. financial statement that reports the revenue and expenses of a business for a specific time period and shows a net income or net loss also called profit and loss(P&L)statement
14. property or items of value owned by a business

1. financial statement that summarizes changes in the owner’s equity during a fiscal period
2. business debts, or what a business owes
3. financial statement that reports how cash moves into and out of a business
4. cost involved in operating a business
6. period of time for which a business summarizes accounting information and prepares financial statements
7. financial statement that reports the assets, liabilities, and owner's equity of an organization
8. difference between current assets and current liabilities
9. money that a business earns for the goods and services it sells also called income
12. money and other assets owned by a business and used to produce goods and services