Study Group Entrepreneurship
Matching definitions of Financial Vocabulary
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Topics of this game:
- What do you call a bill that sets out the amount to be paid, what is being paid for, and the terms of payment?
- What shows what the business owns (assets) and the claims against the business (liabilities and owners’ equity) on a particular date?
- What are funds paid into a business by investors in exchange for common or preferred stock?
- What is the capital that a business raises by taking out a loan?
- What summarizes income and expenses for a fixed period of time?
- What is a relative magnitude of two selected numerical values taken from an enterprise's financial statements?
- What do you call a preset borrowing limit that can be used at any time?
- What refers to an asset that a lender accepts as security for a loan?
- What allows a business to obtain immediate capital or money based on the future income attributed to a particular amount due on an account receivable or a business invoice?
- What determines a company's working capital?
- What is a simple ratio that divides the net profit (or loss) from an investment by its cost?
- What is a measure of financial performance calculated by dividing net income by shareholders' equity?
- What is an index of all the financial accounts in the general ledger of a company?
- What are assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment?
- What is an asset that can easily be converted into cash in a short amount of time?
- What do you call legal tender—currency or coins—that can be used to exchange goods, debt, or services?
- What is money owed to a company by its debtors?
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