Vocab unit 9

an accounting record that provides financial detail for a particular business item, such as for cash, sales, rent, and utilities

• account

• accounts payable

• accounts receivable

• assets

amounts owed by a business to its vendors for merchandise purchased on credit

• account

• accounts payable

• accounts receivable

• assets

the amounts owed to a business by its credit customers

• balance sheet

• account

• accounts payable

• accounts receivable

items of value that you own

• account

• debt capital

• assets

• payroll

a financial statement that lists what a business owns, what it owes, and how much it is worth at a particular point in time

• cash flow statement

• balance sheet

• debt capital

• equity capital

an accounting report that describes the way cash flows into and out of a business over a period of time

• income statement

• accounts payable

• collateral

• cash flow statement

a booklet in which an account holder records the dates and amounts of the checks as well as the names of people or businesses to whom he or she has written the checks

• check register

• debt capital

• journals

• income statement

property that a borrower forfeits to the bank providing the loan if he or she defaults on the loan

• account

• equity capital

• collateral

• payroll

money loaned to a business with the understanding that the money will be repaid within a certain time period, usually with interest

• equity capital

• liabilities

• debt-to-equity ratio

• debt capital

the relation between the dollars borrowed and the dollars invested in a business

• income statement

• equity capital

• transaction

• debt-to-equity ratio