CURRENT ASSETS, Money which the business has in the bank or which customers owe to the business., GROSS PROFIT, The amount of money the business made after the costs of production were deducted, but before administrative costs., OWNERS' EQUITY, The difference between what the business owns and the business liabilities., LIABILITIES, Money which the business owes to lenders or suppliers which will have to be paid., CASH RECEIPTS, All money received by the business over a period, including customer payments and bank loans., OPERATING PROFIT, The amount of money a business made after administrative costs were deducted., COST OF SALES, The cost of producing goods, including raw materials and labour., FIXED ASSETS, What the business owns, such as buildings, which cannot be easily turned into cash., NET INCOME, The amount of profit a company has after general running costs are deducted., ASSETS, Money owed to a business or in the bank..

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