other Flashcards
1
Q
owner funds
A
money an owner has invested into the business from their own personal money.
2
Q
retained profits
A
profit that is kept in the business rather than being distributed to share holders.
3
Q
capital
A
money put into the business to help it to start or grow.
4
Q
net current assets
A
shows the working capital of business (day to day expenses).
5
Q
creditors
A
individuals or other enterprises that the business owes money to such as a supplier.
6
Q
debtors
A
people who owe money to the business.
7
Q
current liabilities
A
(current short term debt) e.g. bank overdrafts, short term loans.
8
Q
A
