prospectus	a document inviting the public to buy stocks giving (financial) information about company
sole trader	the simplest form of business owned and run buy a single person
limited liability partnership (LLP)	a partnership in which some or all partners have limited liability for debts
public limited company	a company whose shares are traded on a stock exchange
LIABILITIES+ SHAREHOLDERS' EQUITY	ASSETS
bankruptcy	the state of being bankrupt or insolvent
legal entity	an organization that can enter into contracts
proxy	a person nominated by a stockholder to attend a company meeting and vote in their place
tax accounting	the calculation of liabilities for tax
gaap	generally accepted accounting principles
journal	book of original entery
inventory- stock	goods which waitnig to be sold, work-in-proces, raw materials
managment accounting	the provision of financial inforation for the use of a company's managers
interim financial statements	statements for shorter periods published during financial year
gross profit	a business's total sales-cost of sales