English for Accounting 1

QUESTIONS:
(Choose the best response for each one)


1. I __________________________ our profits for the previous accounting period.
called
gathered
calculated

2. Your job will be to __________________________ and maintain financial records.
promise
prepare
make

3. An accounting period is a period of time over which __________________________ are calculated.
prophets
profits
profiteering

4. Accounts __________________________ refers to the money that is owed to the company by its clients/customers.
receivable
receptive
respected

5. To accrue means to accumulate or _________________.
decrease
regret
increase

6. My house has _______________________ ( = increased in value) by 10% in the past 9 months.
appreciated
depreciated
approximated

7. I indicated all the accrued expenses on your balance _______________________.
sheet
paper
note

8. These expenses are typically __________________________. ( = they occur regularly)
pragmatic
prodigal
periodic

9. Another word for accounting is __________________________.
finance
bookkeeping
money counting

10. A good accountant will help you keep _________________________of your business's finances.
track
trace
score

Check answers at http://www.businessenglishsite.com/exercise_accounting1.html