accounts receivable - the money owed to a business by its clients, prepaid expenses - costs paid in advance such as rent and interest, accounts payable - the money owed by a business to its suppliers, stock - the goods and materials that a business holds for the purpose of resale, plant and equipment - what a company owns and uses to produce goods, such as a factory and machinery, share capital - the money a company has received from outside investors for its shares, goodwill - intangible assets like a company’s brand name and established relationships with its suppliers, short-term debt - borrowed money which the company must pay back within a year,

The balance sheet

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