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business
james marsh
7
Business
12th Grade
09/25/2024
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Cards

Term
what is profit
 Definition
profit is money left after taxes
Term
what is labour
 Definition
work for a wage
Term
what is capital
 Definition
skills you gain from working
Term
what is an aim
 Definition
the intention to reach a goal
Term
whta is an asset
 Definition
something the business owns; it has a value
Term
what is cash
 Definition
money that the business has in cash or at the bank
Term
what is closing balance
 Definition
the amount that remains in the account after the accounting period ends
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