Match the Term with Its Definition

question 55

Essay

Match the term with its definition.
a.Statement of financial position
b.Debt
c.Dividend
d.Financial leverage
e.Mortgage
f.Equity
g.Retained earnings
h.Working capital cycle
-Owners' investments in a company plus cumulative net profits retained in the business.

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Definitions:

Accounts Payable

The amount of money owed by a company to its creditors for goods and services received but not yet paid for.

Credit Sale

A type of transaction where the goods or services are provided to the customer with the agreement that payment will be made at a later date.

Future Obligation

A commitment or responsibility to incur a cost or expenditure at a future date.

Vendor

An individual or business that supplies goods or services to another entity, often within a supply chain.