asset /ˈæset/
(noun) a person or thing that is valuable or useful to somebody/something
Example: The company's asset are worth millions of dollars
(noun) a person or thing that is valuable or useful to somebody/something
Example: The company's asset are worth millions of dollars
expense /ɪkˈspens/
(noun) the money that you spend on something
Example: A luxury vacation involves many expenses
(noun) the money that you spend on something
Example: A luxury vacation involves many expenses
income /ˈɪnkʌm/
(noun) the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc.
Example: His income is too low to help his family.
(noun) the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc.
Example: His income is too low to help his family.
cash /kæʃ/
(noun) money in the form of coins or notes
Example: Payments can be made by cheque or in cash.
(noun) money in the form of coins or notes
Example: Payments can be made by cheque or in cash.
accountancy /əˈkaʊntənsi/
(noun) the work or profession of an accountant
Example: I spoke to my advisor and switched to accountancy for the next year.
(noun) the work or profession of an accountant
Example: I spoke to my advisor and switched to accountancy for the next year.
balance sheet /ˈbæləns ʃiːt/
(noun) a written statement showing the amount of money and property that a company has and listing what has been received and paid out
Example: I need to make balance sheet annually.
(noun) a written statement showing the amount of money and property that a company has and listing what has been received and paid out
Example: I need to make balance sheet annually.
bookkeeper /ˈbʊkkiːpər/
(noun) a person whose job is to keep an accurate record of the accounts of a business
Example: We are planning to hire a freelance bookkeeper.
(noun) a person whose job is to keep an accurate record of the accounts of a business
Example: We are planning to hire a freelance bookkeeper.
cash at bank /kaʃ at baŋk/
(noun) a phrase written in a company's financial records to show how much money it has in the bank
Example: Cash at bank is considered a highly liquid form of current asset.
(noun) a phrase written in a company's financial records to show how much money it has in the bank
Example: Cash at bank is considered a highly liquid form of current asset.
cash in hand /kaʃ ɪn hand/
(noun) an amount of cash a company has available after all its costs have been paid
Example: The deal leaves the company with £25m cash in hand to buy new stock.
(noun) an amount of cash a company has available after all its costs have been paid
Example: The deal leaves the company with £25m cash in hand to buy new stock.
cash in transit /kaʃ ɪn ˈtrɑːnzɪt/
(noun) used to describe money that is being moved from one place to another
Example: a cash-in-transit insurance policy
(noun) used to describe money that is being moved from one place to another
Example: a cash-in-transit insurance policy
equity /ˈekwəti/
(noun) the value of a company’s shares
Example: He sold his equity in the company last year.
(noun) the value of a company’s shares
Example: He sold his equity in the company last year.