Term
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Definition
| This includes the "stuff" or economic resources that the company has use of and from which it can expect to derive future economic benefits |
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Term
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Definition
| assets that can (will be) converted to cash within the year |
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Term
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Definition
| currency readily available to the business |
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Term
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Definition
| the amount your customers owe because they purchased from you on credit |
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Term
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Definition
| the value of the products that have been acquired for sale to customers and are on hand |
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Term
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Definition
| these are the assets used to operate your business-an important part of working capital |
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Term
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Definition
| assets that have a long term use or value, including land, buildings, and equipment |
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Term
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Definition
| how much of the value of your plant and equipment you have used up while operating your business over time |
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Term
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Definition
| the net value of your property, plant and equipment |
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Term
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Definition
| the value of all the assets(stuff) of your business |
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Term
| liabilities and owners equity |
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Definition
| where the money came form to get the assets. It accounts for who has claims against the assets of the company. |
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Term
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Definition
| these are "loans", or debt contracts |
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Term
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Definition
| the loans that have to be paid back within the year |
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Term
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Definition
| The amount that you owe your suppliers for materials that you purchased on credit |
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Term
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Definition
| The loans to be paid back this year |
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Term
| total current liabilities |
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Definition
| the debt that you have to pay back within one year |
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Term
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Definition
| the loans that have to be paid back at some point in the future (in more than 1 year ) |
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Term
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Definition
| the amount of other people wealth you are renting the use of, as if you were using their money on contract |
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Term
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Definition
| the value of the owners investments in the company |
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