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business man
notes
Question | Answer |
---|---|
drawings | money or assets taken out of a business for the owners use |
current asstes | short term asstes that can quickly be turned into cash |
mortgage | long term loan based on using property as security |
debtors | people or business that owe money to an organisation |
asstes | items in a balance sheet that an organisation owns or is owed |
current liabilities | debts that a business must pay in the short term |
fixed asstes | asstes with a life more than one year |
balance sheet | statemnt |