Items the business purchases, pays for them at time of transaction.
Items the business purchases, pays for them at a later date.
Regular payments made to a landlord in exchange for a premises.
Are a tax on property used for business purposes.
Is a fixed regular payment to an employee typically paid monthly.
Similar to a salary but usually based on hours worked eg £10 an hour.
Includes electricity, gas, water usage and costs.
Buying non-current assets that a business is likely to keep for more than a year eg vehicles, machinary.
Businesses that must pay VAT to government
Interest that is paid due to borrowing money.