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Balance Sheet Terms

4 O T L L I A B I L I T I E S

T

C
15C A S H
2C O 5N

9D U U O 13
º

E R N T W
8L P R T 12e Q U A T I O N
O R E S 11B S E
N E N R A R 7S R
G C T E L E 10 H S
T

T 14 I L C A C O O E
ª

1s E R C H A N D II S E I N V E N T O R Y Q
M

R C T A I C I A T U
M R I B V E V L T I
D U O I A S A A E T
E E N L B H B S R Y
B T I L E L S M
T T E E E E D
I T T E
E S B
6A C C O U N T S P A Y A B L E T

HORIZONTAL VERTICAL

1. Cost of merchandise acquired and not sold


2. Those liabilities that are to be paid within one year.

3. Amounts due from customers.

5. Item of the balance sheet that records the value of


promissory notes that a business is owed and should
receive payment for.

7. Amounts borrowed that will be repaid within one year


of the balance sheet date.

8. Amounts borrowed from banks or other creditors that


will not be repaid within one year from the balance
sheet date.

9. Portion of the cost of equipment that is estimated to


have been used up in the process of operating the
business.

10. The sum of all current and noncurrent assets that a


company owns.

11. The financial statement of a company which


includes assets, liabilities, equity capital, and total debt
at a point in time.

13. Residual claim of owners, computed as "assets


minus liabilities"

14. Amounts owed to various creditors.

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