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Choose the correct answer to fill in the gap. 1. I ____ our profits for the previous accounting period.



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1. I ________ our profits for the previous accounting period.

 

a) called

b) gathered

c) calculated

 

2. Your job will be to _________ and maintain financial records.

 

a) promise

b) prepare

c) make

 

3. An accounting period is a period of time over which _________ are calculated.

 

a) prophets

b) profits

c) profiteering

 

4. Accounts __________refers to the money that is owed to the company by its clients/customers.

 

a) receivable

b) receptive

c) respected

 

5. To accrue means to accumulate or __________.

 

a) decrease

b) regret

c) increase

 

6. I indicated all the accrued expenses on your balance __________.

 

a) sheet

b) paper

c) note

 

7. Another word for accounting is __________.

 

a) finance

b) bookkeeping

c) money counting

 

8. Things of value owned by a business are known as its __________.

 

a) assertions

b) assessment

c) assets

 

9. What's the opposite of an asset?

 

a) cash

b) liability

c) liaison

 

10. Every company should have a clear record of their ___________ assets.

 

a) fixed

b) fix

c) fixture

 

 

Grammar in Use

Questions tags

Look and learn.

Ø Questions tags are short questions added to affirmative or negative statements. They are used a) to ask for confirmation of something; b) to ask others if they agree with us.

 

Ø Examples:

He is an accountant, isn’t he?

You haven’t seen the director, have you?

Don’t tell her, will you?

Let’s go to the bank, shall we?

Let me help you, will you?

Nobody passed the test, did they?


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