Accounting & Finance Terms

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Financial statement that reports the changes that have occurred in the owner's equity account during the fiscal period

The system of recording and reporting financial activity and transactions.

A worker who handles bank deposits and withdrawals & accepts loan payments.

A professional whose work mainly involves checking on the accuracy of work performed by bookkeepers and accountants

Items that are owed by a company

A report showing the revenue, expenses, and income (or loss) of a business for a specific time period.

A report showing all assets, liabilities, and owner's equity of a business as of a specific date.

A plan that shows what you expect to earn and spend in a certain time period