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current Net flow of goods, services, and

unilateral transactions between


countries.

Non Long-lived property owned by a


firm that is used by a firm in the

current production of its income

expense Costs of living or doing business.


The money a person makes from lab

income or, investment, or any other source,


especially in the course of a year.

A transaction in which a customer


receives back money he/she had
withdrawal previously deposited at a bank, pens
ion, or trust.

The amount of money a compan


y earns through the sale of goods
revenue or services, rents, and other sou
rces
Extracting less money from a

loss transaction than one put into it.

The extension of money from on

loan e party to another with the


agreement that the money will
be repaid.
asset something valuable belonging to a
person or organization that can be
used for the payment of debts.

liability Debts

Capital Money that one has invested.

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