资产负债表术语（英文详解）

　　Balance Sheet Items

　　Accounts Receivable： A short-term asset， usually representing a credit for a completed sale.

　　Cash： Money on hand in checking， savings or redeemable certificate accounts.

　　Current Assets： The sum of a firm's cash， accounts receivable， inventory， prepaid expenses and marketable securities which can be converted to cash within a single operating cycle.

　　Current Liabilities： Measurable debt owed within one year， including accounts payable， accrued liabilities， taxes due and short-term notes due.

　　Inventory： The stockpile of unsold products.

　　Long Term Debt： Liabilities due in more than one year.

　　Total Assets： The sum of current assets and fixed assets such as plant and equipment.

　　Total Liabilities： Current liabilities plus long term liabilities such as notes and mortgages due over more than one year.

　　Income Statement Items

　　Net and Gross Profit： Gross Profit is sales minus the cost of the product or service. Net Profit reduces the Gross Profit with selling and general & administrative expenses （including depreciation）， miscellaneous other income and expenses， such as interest expense and taxes.

　　Net Sales： Annual volume of sales.

　　Net Working Capital： Current assets minus current liabilities.

　　Net Worth： Current assets plus fixed assets minus current and long-term liabilities.