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2. • Sales:- A sale is a transaction between two or more parties in which the buyer
receives tangible or intangible goods, services, or assets in exchange for money.
• Debtors:- A debtor is an individual, business or any other entity that owes money
to another entity because they have been provided with a service or good, or
borrowed money from an institution.
• Creditors:- A creditor is an individual, business or any other entity that is owed
money because they have provided a service or good, or loaned money to another
entity.
• Bills Receivable:- A bill receivable is a document that your customer formally
agrees to pay at some future date (the maturity date).
• Bills Payable:- The amount of money a company owes creditors (suppliers, etc.) in
return for goods and/or services they have delivered.
• Cost of goods sold: The direct expenses related to producing the goods sold by a
business. The formula for calculating this will depend on what is being produced,
but as an example this may include the cost of the raw materials (parts) and the
amount of employee labor used in production.
• Prepaid Expense:- Prepaid expenses are future expenses that are paid in advance,
such as rent or insurance.

3. • Outstanding expense:- An Outstanding Expense is a type of expense that is due but has not been paid. This expense
becomes outstanding to the company when, this has taken the benefit, but the related payment has not been made
simultaneously.
• Bank Overdraft:- Bank overdraft is a short term financing option for drawing money in excess of the bank balance. It is given
only for current account holders. Investment:- Investment definition is an asset acquired or invested in to build wealth and
save money from the hard earned income or appreciation.
• Capital:- In business and corporate finance, the definition of capital refers to anything that a business or business owner
can use to generate more value. Capital often refers to cash and other assets, such as financial securities, real property,
investments, or intellectual capital.
• Working Capital:- Working capital is referred to as the capital that is essential for running the day to day operations of a
business.
• Current Assets:- Current assets are a company's short-term assets; those that can be liquidated quickly and used for a
company's immediate needs.
• Current liability:- Current liabilities are a company's debts or obligations that are due to be paid to creditors within one year.
• Borrowed Capital:- Borrowed funds are referred to as the funds that a business needs to borrow from outside the company
in order to provide a source of capital for the business.
• Depreciation:- The monetary value of an asset decreases over time due to use, wear and tear or obsolescence. This
decrease is measured as depreciation.
• Operating expenses:- An operating expense is an expense a business incurs through its normal business operations.
• Non-Operating Expenses:- A non-operating expense is a cost that isn't directly related to core business operations.
• Non-Operating Income:- Non-operating income is the portion of an organization's income that is derived from activities not
related to its core business operations.
• Gross Profit:- Gross profit is the profit a business makes after subtracting all the costs that are related to manufacturing
and selling its products or services.