Term	Definition
Turnover	Money received from sales over a set time period (typically a financial year).
Net profit	Money left after all expenses (tax, salary, etc).
Fixed asset	A business resource that isn’t expected to be sold within a financial year (e.g., company car, company PC, office building).
Current asset	A business resource that is expected to be used or sold within a financial year (cash in the bank, retail store stock, restaurant food).