vocabulary CNAM

What is the name for assets which a company owns that have a long-term value. They are things that a

company will own for a long period of time and which it uses to run the business, such as buildings, cars, machinery.

• Floating Assets

• capital assets

• Fixed Assets

• Business Assets

Actullement, in English means....?

• at the moment

• in fact

• really

• truely

This is a word used in bookkeeping to show assets owned by a firm which are attached to a building.

• fixtures

• capital

• Assets

• plant

C______ / E__________ is the phrase used when a company buys Fixed Assets.

________ means the buildings and land used by a business.

What is a Freehold premises?

• The property is completely owned by the company

• The property is rented by the company

• The property is free to use but is not owned by the company

• The company has use of the property

In Bookkeeping the term Plant refers to which of the following choices?

• Trees

• bushes and shrubs

• heavy machinery

• Factory

In Bookkeeping the phrase "Plant & Equipment" is used in recording company assets. What is equipment?

• The Team

• small and portable devices

• The employees

​ C______ Assets are assets owned by the company that have ​value, but will only stay in existence for a short time, for example, cash at a bank?

________ / __________ are monies owed TO a business BY its customers.

Clearly, they are a type of

Current Asset.