Concepts and definitions

The exercise was created 04.10.2023 by casperbailly. Anzahl Fragen: 9.

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Normally, all words in an exercise is used when performing the test and playing the games. You can choose to include only a subset of the words. This setting affects both the regular test, the games, and the printable tests.

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  • assets items expected to bring the company future financial benefits, there may be in the form of short-term- or long-term assets
  • Equity is what has been invested by the owners. This represents the owner’s share of the assets
  • Liabilities consist of various financial obligations, they may be long-term or short-term as well
  • Cash receipts inflow of cash, arise at the time of payment
  • Cash payment outflow of cash, arise at the time of payment
  • Income the value of resources transferred, sale value at the moment of sale
  • Expenditure the value of resources acquired, the cost of resources acquired at the time of acquisition
  • Revenue the value of services performed or goods sold during a certain period of time
  • Expense the value of resources consumed during a certain period of time

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https://spellic.com/ger/abfrage/concepts-and-definitions.11723271.html

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