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Unit 5:Company account, Hưng, My, Trần Thảo, cute - Coggle Diagram
Unit 5:Company account
Operating profit
result of deducting the operating
expenses from turnover 
Turnover
Total sales during a trade period
Operating cost
expenses of running a business
Current assets
short-term assets used in operations
Fixed assets
long-term assets owned by the
company
Depreciation
Amount deducted each year from profit as the assets get older
Creditors
people the company owes
money to
Reservation
Past profit not paid out as dividends but retained in the business
Debtors
Someone who owes money
Dividends
Part of company's profits paid to shareholders
Current liabilities
Debt must be paid within a year
Long-term loans
a form of loans that is paid off over an extend period of time greater than 3 years
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