Term deposit, When you lock away an amount of money for an agreed length of time (Non-current asset), Debenture, A loan where lots of people contribute a small amount of the total amount (Non-current liability), Salaries and wages, Amount paid to an employee (Expense), Interest received, Amount paid to an entity for lending its money (Other income ), Sales, Selling a product (Revenue), Mortgage, Loan for a house (Non-current liability), Fees received, Selling a service (Revenue), Accounts payable, Creditors or people the business owes money to (Current liability), Accrued expense, Interest or wages owing by the business (Current liability), Bank, A financial account maintained by a bank (Current asset), Bank overdraft, When the bank has a credit balance (is in the negatives) (Current liability), Accrued income, Income owing to the business (Current asset), Vehicle, An example of Property, Plant & Equipment (Non-current asset), Electricity, Amount paid to electricity provider (Expense ), Inventory, Goods on hand to sell (for a trading business) (Current asset), Accounts receivable, Debtors or people who owe the business money (Current asset), Prepayment, Money paid in advance for an expense (Current asset), Drawings, Money taken out of the business by the owner for personal use (Equity), Contributed equity (or Capital), Funds invested into the business by the owner(s) (Equity), Rent received, Money received for renting out premises (Other income)

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