Answers
Goods handed to a customer straight away, with the money owed being paid at a later date.
The amount left from income once all the costs of making that income have been taken away.
Closing a business down for good and sharing out the money raised among those it owes.
Reducing spending on things such as staff, stock or bills so less money leaves the business.
Money in notes and coins or held in a bank account that is immediately available to spend.
Turning items it owns, such as machinery or vehicles, into money it can use straight away.
When a business is unable to pay what it owes as the amounts become due.
The result when the total costs of trading are greater than the income a business generates.
When the firms that used to provide goods to a business will no longer trade with it.