Financial Terminology 0.0 / 5 ? Business StudiesFinanceGCSEEdexcel Created by: sarp2004!Created on: 31-01-20 19:47 Capital Money used to set up and then grow the business 1 of 12 Turnover Total revenue received by an enterprise in a given financial period 2 of 12 Cost of sales Cost of producing goods 3 of 12 Gross profit Turnover - cost of sales 4 of 12 Expenses Indirect costs of the enterprise 5 of 12 Net profit Gross profit - expenses 6 of 12 Retained profit Net profit used to help the business grow 7 of 12 Current liabilities and long-term liabilities (non-current liabilities) What the enterprise owes (including money) which must be paid back within a certain time period 8 of 12 Fixed (non-current assets) and current assets Things that the enterprise owns 9 of 12 Debtors (Trade receivables) Individuals or enterpprises that owe money to the enterprise 10 of 12 Creditors (Trade payables) Individuals or enterprises, such as suppliers that the enterprise owes money to 11 of 12 Net current assets Value of current assets - current liabilities 12 of 12
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