Sanh Luu

4. record a financial document that contains information on all employees of the company, their compensation, and benefits
6. all income that a business receives over a period of time
8. differences between actual and budgeted performance
11. up budget plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable
13. sheet a report that lists a company’s assets, liabilities, and owner’s equity
14. deposit funds are deposited electronically and available automatically for your use

1. what a company owes
2. equity the value of the business after liabilities are subtracted from assets; the value of the owner’s investment in the business
3. budget describes the financial plan for ongoing operations of the business for a specific period of time
5. what a company owns; anything of value owned by a business
7. performance ratios-comparisons of a company’s financial elements that indicate how well the business is performing
9. budget an estimate of the actual money received and paid out for a specific period of time
10. costs of operating a business
12. statement a report of revenue, expenses, and net income or loss from operations for a specific period
13. detailed plans for the financial needs of a business