asset /ˈæset/ (noun) a person or thing that is valuable or useful to somebody/something Example: The company's asset are worth millions of dollars
expense /ɪkˈspens/ (noun) the money that you spend on something Example: A luxury vacation involves many expenses
income /ˈɪnkʌm/ (noun) the money that a person, a region, a country, etc. earns from work, from investing money, from business, etc. Example: His income is too low to help his family.
cash /kæʃ/ (noun) money in the form of coins or notes Example: Payments can be made by cheque or in cash.
accountancy /əˈkaʊntənsi/ (noun) the work or profession of an accountant Example: I spoke to my advisor and switched to accountancy for the next year.
balance sheet /ˈbæləns ʃiːt/ (noun) a written statement showing the amount of money and property that a company has and listing what has been received and paid out Example: I need to make balance sheet annually.
bookkeeper /ˈbʊkkiːpər/ (noun) a person whose job is to keep an accurate record of the accounts of a business Example: We are planning to hire a freelance bookkeeper.
cash at bank /kaʃ at baŋk/ (noun) a phrase written in a company's financial records to show how much money it has in the bank Example: Cash at bank is considered a highly liquid form of current asset.
cash in hand /kaʃ ɪn hand/ (noun) an amount of cash a company has available after all its costs have been paid Example: The deal leaves the company with £25m cash in hand to buy new stock.
cash in transit /kaʃ ɪn ˈtrɑːnzɪt/ (noun) used to describe money that is being moved from one place to another Example: a cash-in-transit insurance policy
equity /ˈekwəti/ (noun) the value of a company’s shares Example: He sold his equity in the company last year.