Sanh Luu

2. budget an estimate of the actual money received and paid out for a specific period of time
4. equity the value of the business after liabilities are subtracted from assets the value of the owners investment in the business
6. all income that a business receives over a period of time
10. what a company owes
11. budget describes the financial plan for ongoing operations of the business for a specific period of time
12. sheet a report that lists a company s assets liabilities and owners equity

1. statement a report of revenue expenses and net income or loss from operations for a specific period
3. what a company owns anything of value owned by a business
5. detailed plans for the financial needs of a business
7. costs of operating a business
8. records financial documents that are used to record and analyze the financial performance of a business
9. up budget plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable