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Operational Functions (HR and Finance)
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Operational Functions (HR and Finance)
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19 Questions

1. chronological listing of all payments

2. A financial statement that reports a company's revenues and expenses and resulting net income or net loss for a specific period of time.

3. the difference between total revenue and total expenses when total revenue is greater

4. what remains after the cost of good is subtracted from revenues.

5. The amount you could realistically sell an asset for today

6. the ease with which an asset can be converted into cash

7. A financial statement that reports assets, liabilities, and owner's equity on a specific date.

8. A special type of owner's equity account set up to record the owner's withdrawal of cash from the business.

9. A share of ownership in a company

10. the amount of money brought into the business through its operations

11. is found in an account ledger and is used to reduce the value of another related account.

12. expenses incurred in the current period

13. An electronic network for financial transactions in the U.S. The network processes batches of debits and credits to various financial institutions allowing for fast, safe and efficient transfer of funds.

14. a reproduction of an actual signature that can be saved and inserted into electronic documents or can be added by imprinting or stamping.

15. refers to losses a company incurs when goods are sold without requiring immediate payment. The expense is recorded as an account receivable because it is an asset that has not been received.

16. assets that lose value over time such as vehicles, machinery, or other assets that depreciate in value.

17. issued when an investor loans money to a corporate or government entity for a defined period at a variable or fixed rate.

18. stock or other security that represents an ownership in the company.

19. An asset or item that is purchased with the hope that it will generate income or appreciate in the future.

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