1.02 Financial Info Vocabulary Matching

Question: Accounting

Answer: The process of gathering, recording, organizing, and reporting financial data

Question: Accounts payable

Answer: Money a company owes

Question: Accounts receivable

Answer: Money that is owed to a company

Question: Acquire

Answer: To buy or obtain

Question: Assets

Answer: Resources owned by a business or an individual

Question: Balance sheet

Answer: A statement of a business’s assets and liabilities

Question: Budget

Answer: An estimate of income and expenditures over a certain period of time

Question: Consistent

Answer: Unchanging

Question: Contract

Answer: A legally binding agreement between two parties

Question: Data

Answer: Facts and figures

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