income	all the money received from business activities during a given period
expenditure	all the money that a business spends on goods or services during a given period
budget	a financial operating plan showing expected income and expenditure
asset	anything owned by a business - cash, buildings, machines, etc.
liabilities	all the money that a company will have to pay to someone else in the future, including debts, taxes
debit	an entry in an account, recording a payment made
intangible	adjective describing sth without a material existence, which you can't touch
accured	adjective describing a liability which has been incurred but not yet invoiced to the company
deferred	delayed or postponed until a later time
credit	an entry in an account, recording a payment received