Business Vocabulary Game

Front

What is an Invoice?

Back

An Invoice is a bill that sets an amount to be paid, and what is being paid for. It provides credit to business costumers.

Front

What is a Balance Sheet?

Back

A sheet that shows what a business owns and the claims against the business on a specific date. Claims are on the right and assets are on the left.

Front

What is Equity Capital?

Back

An investment that is made by a shareholder, who shares in a company's stock.

Front

Debt Capital

Back

A capital that a business raises by taking out a loan. It is normally repaid in the future.

Front

What is an Income Statement?

Back

A way to show profit or loss of an account. To show income and expenses for a period of time.

Front

What is Line of Credit?

Back

Credit that is extended by a bank or other financial institutions. It enables the customer a way to know what funds are needed.

Front

What is a Financial ratio?

Back

One of many ways that takes values from financial statements. Used to evaluate overall financial organization and measure the different relationships.

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What is Collateral?

Back

Something of value pledged as security for repayment of a loan. This could be anything with value, and if you forfeit you loose your valued things and the loan is not payed.

Front

What does Return on Investment mean?

Back

It is known as (ROI), indicates that profitability and returns from investments are made. It is calculated by dividing net profit by total assets.

Front

What does Charts of Accounts mean?

Back

It is a list of each account for your business and categorizes them according to the financial statements that were recorded.