| Financial statements |
| Appropriation account (partnerships) |
Profit and loss appropriation account |
| Cash and cash equivalents (limited companies) |
Cash in hand, cash at bank/bank overdraft |
| Financial statements |
Final accounts and balance sheets |
| Income statement |
Trading and profit and loss account |
| Inventory |
Stock |
| Irrecoverable debt |
Bad debt |
| Loss for year |
Net loss |
| Non-current assets |
Fixed assets |
| Non-current liabilities |
Long-term liabilities |
| Other payables |
Expenses due; income received in advance |
| Other receivables |
Expenses prepaid; income due |
| Profit for year |
Net profit |
| Revenue (within an income statement) |
Sales |
| Statement of financial position |
Balance sheet |
| Trade payables |
Trade creditors (creditors) |
| Trade receivables |
Trade debtors (debtors) |
| Accounting ratios |
| Expenses in relation to revenue % |
Expenses in relation to sales % |
| Profit to revenue % |
Net profit to sales % |
| Rate of inventory turnover |
Rate of stock turnover |
| Trade payable days |
Creditor payment period |
| Trade receivable days |
Debtor collection period |
