| A | B |
|---|
| Interest rate | The cost of using someone else's money. |
| Liabilities | what a company owes. |
| Operating budget | describes thte financial plan for ongoing operations of the business for a specific period of time. |
| Owner's Equity | A businesses financial claim to the assets. |
| Principal | a sum of money lent or invested, on which interest is paid. |
| salary | “a fixed amount of money paid to an employee for each pay period.” |
| Pay period | “The amount of time over which an employee is paid” |
| Payroll | The financial record of empployee compensation, deductions, and net pay. |
| Payroll clerk | “An employee responsible for preparing the payroll.” |
| Payroll Register | “A form that summarizes information about employees’ earnings for each pay period.” |
| Piece rate | “a rate of pay based on the number of items produced.” |
