English for Accounting 2

QUESTIONS:
(Choose the best response for each one)


1. I have a lot of experience in collecting financial information necessary for __________________ various tax returns.
filing
calculating
forming

2. I find it really hard to keep track of my __________________. ( = the money I spend)
expense
expenses
expertise

3. You have nothing to worry about. Your (financial) __________________ accurately reflect your business's income and expenses.
profits
profiteering
records

4. The IRS is a government organization responsible for _________________ taxes in the USA.
collecting
receiving
gathering

5. If the IRS __________________ you, they will want to inspect your financial records in detail.
accepts
edits
audits

6. You should always keep __________________ ( = proof of payments) or other acceptable records of every payment to your business and every expenditure by your business.
records
receipts
recipes

7. An expenditure is basically a __________________.
payment
bill
tax form

8. What do you do with forms?
you fill them up
you fill them out
you fill them

9. One of your duties will be to summarize the company's income and expenditure records on a monthly __________________.
base
basis
time

10. I can help you determine how much your business is worth at a specific __________________.
time point
timeframe
point in time


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