Matching Pairs Accounting TermsOnline version Can you match the Accounting Term to the Definition? by Connected Business English 1 Loss 2 Liability 3 Pre-Payment 4 Accrual 5 Profit 6 Balance Sheet An income distributed to the owner in a profitable market production process The settlement of a debt or installment loan in advance of its official due date. A summary of the financial balances of an individual or organisation Something a person or company owes, usually a sum of money The process of recording income or expenses when they occur Where costs exceed income