English for Accounting 5

QUESTIONS:
(Choose the best response for each one)


1. A statement of _________________ helps you keep track of your business's finances.
cash flow
cash flowing
money flow

2. Customers usually come here looking for _________________ advice.
financial
finances
finance

3. This plan is economically _____________________ ( = profitable).
fast
worthy
feasible

4. "Liquid" assets often refer to _____________________.
credit
cash
checks

5. A flat-rate plan ______________________ marginal costs.
elaborates
takes
eliminates

6. In accounting, a cost that does not _____________________ ( = change) with the level of production or sales is referred to as "overhead".
vary
variable
variety

7. There are two types of profit: gross profit and _____________________.
net profit
non-gross profit
netto profit

8. "Net profit after taxes" is what's called "the bottom line", - it's the _____________________ after everything has been subtracted.
netto income
gross income
net income

9. An element of _____________________ is always present in all business activities.
risky
risk
risque

10. A _____________________ of an item in account books (because it no longer has any value) is what's known as a "write-off".
cancel
cancellation
constellation

Check answers at http://www.businessenglishsite.com/exercise_accounting5.html