Delos Reyes Gianna

12 - Discipline

Activity 9

Unearned Revenue 1.This represents cash collected by the business in advance for a service or good
that is not yet to be rendered or delivered.

Borrowing base 2. This represents the amount of money borrowed by the business from a bank or
lending institution which is secured by collateral.

Borrowed Capital 3. This represents the amount of money borrowed by the business from a bank or
lending institution.

Accounts Payable 4. This refers to open accounts which represent the amount of money owed by the
business to Creditors or suppliers

Accounts Payable 5. This refers to open accounts which represent the amount of money Owed by the
business to creditors or suppliers

Dividend 6. This represents distribution of profits by a corporation to its shareholders

Deferred tax liability 7. This is a tax that is assessed or is due for the current period but has not yet
been paid.

Current liabilities 8.0bligation due within one year or the normal operating cycle of the business,
whichever is longer

Long Term 9. A lease for longer than one, five or 10 years, depending on the specific asset being
leased

Promissory note10. Sometimes referred to as a note payable, is a legal instrument, in which one party
promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable
future time or on demand of the payee, under specific terms