![]() Chattel mortgage – similar to a hire-purchase agreement although the business owns the asset from the start.Each account represents a type of transaction such as asset, liability, owner's equity, income, and expense. Chart of accounts – an index of the accounts a business will use to classify transactions.Cash outgoing – money that is flowing out of the business.Cash incoming – money that is flowing into the business.Cash flow – the measure of actual cash flowing in and out of a business.Cash book – a daily record of all cash, credit or cheque transactions received or paid out by a business.Cash accounting – an accounting system that records transactions at the time you actually receive money payment.Cash – includes all money available on demand, including bank notes and coins, petty cash, certain cheques, and money in savings or debit accounts.Capital growth – an increase in the value of an asset.Capital gain – the amount gained when an asset sells above its original purchase price.Capital cost – a one-off substantial purchase of physical items such as plant, equipment, building or land.Capital – wealth in the form of money or property owned by a business.Budget– a listing of planned revenue and expenditure for a given period.Break-even point – the exact point when a business's income equals its expenses.Bootstrapping – where a business funds its growth purely through personal finances and revenue from the business.Bookkeeping– the process of recording the financial transactions of a business.Bill of sale – a legal document for the purchase of property or other assets that details the purchase, where it took place, and for how much.Benchmarking – the process of comparing your business to similar businesses in your industry.Benchmark – a set of conditions against which you can measure a product or business.Bankruptcy– a process where an individual is legally bankrupt and an appointed trustee manages their assets and financial affairs.Bankrupt – an individual is bankrupt when they cannot pay their debts and aren't able to reach an agreement with their creditors.Bank reconciliation – a cross-check that ensures the amounts in your cashbook match the relevant bank statements. ![]() Loans with a larger final 'balloon payment' have lower regular repayments over the term of the loan.
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