The assets acquired to be used in business ‘s operations for more than 12 months and receivables of which due dates are more than 12 months

The measure of how quickly and easily an account can be converted into cash

The assets that will be converted into cash, sold, consumed or received within 12 months or within the business’s operating cycle, and the cash and cash equivalents.

The report that shows the assets, liabilities and the owner’s equity in a specific date.

The changes in the capital throughout the period caused by the owner’s capital investments or withdrawals, net profit or loss.