An item of value owned by a business which lasts for years.
Liability
Expense
Asset
An amount owed to another firm/business.
Sale
The value of the business to the owner.
Owner's Equity
Capital
Income
Costs from a business which must be bought over and over.
Bank Overdraft
Expenses
Mortage
Income received by a business.
Revenue
Sales
Stock
The amount the owner has invested in the business.
Drawings
A firm/individual who owes the business money.
Accounts Recievable
Accounts Payable
A firm/individual to whom owes the business money.
Accounts Receivable
