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