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15 cards from this deck
Essential documents every business must produce by law
Snapshot of business finances at one specific moment in time
Performance record showing profit/loss over a period (1 year)
To assess risks, dividends & management performance
To check if loans will be repaid on time with interest
To assess job security & ability to pay wages
Items convertible to cash within next 12 months
Inventories
Cash
Inventories, reCeivables, cash (Easily available)
Debts that must be paid within next 12 months
Current Assets - Current Liabilities
Non-curr Assets + Net Curr Assets - Non-curr Liabilities
Warning sign - may struggle to pay immediate debts
Amounts owed to business by customers who bought on credit
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