Self-study 0. Task 20. Read the text and write the definitions of the words in bold. Preparation of the accounts

loss account-Loss Account means a memorandum account for each Limited Partner to be recorded in the books and records of the Partnership with respect to a Performance Period.
revenue- is the money generated from normal business operations, calculated as the average sales price times the number of units sold.
TASK 20.2
Ex.1 Put the words into the correct column.
accounts payable cost of goods sold ledger
shareholders' equity EBITDA trial balance invoices
operating expenses current assets

Preparation of accounts	Profit and loss account	Balance sheet
accounts payable	operating expenses	cost of goods sold
ledger	shareholders' equity	EBITDA
invoices		current assets
trial balance

Ex.2 Put the solutions for managing cash flow 1-6 into the correct category below.

1. 
   just-in-time manufacturing
   
2. 
   making payments to suppliers in instalments (= part payments)
   
3. 
   leasing fixed assets rather than buying them
   
4. 
   offering a discount for early settlement (= complete payment) of a bill
   
5. 
   improving sales forecasting so that the warehouse holds less inventory
   
6. 
   cancelling the office Christmas party
   

Credit control: 1,4
Stock control: 3,5,
Expenditure control: 2,6