A ______ is a forecast of the financial position and performance of the business. Used to plan, monitor and control business operations.

Items of value owned by the business

___________ are debts owed by the business to other entities

Overdrafts, payables, loans and mortgages are all examples of

The owners share of the business is called:

Capital, Drawings and profit/(loss) are all examples of ______

What of the following is included on the balance sheet?

Money received by the business. Earned from Operating as well as Non Operating activities. Eg Sales of goods, Fees for services, Interest received from bank for money investment,

Payments for costs incurred by the business

Financial ___________ of the business. Shows Profit or Loss and Operating and Non Operating Income and Expenses.

_________ of the business is its ability to pay short-term debts as they fall due.