Financial Statement _ English for Accounting

The goods which a company produces, but which have not yet been sold.

• Assets

• Liabilities

• Inventory

• Cash

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Money in the form of bank notes and coins.

• Account payable

• Account receivable

• Withdrawals

• Cash

Tags

CCSS.RI.11-12.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.8.7

CCSS.RL.9-10.7

A _________________ is the same as a tax declaration – it’s a list of income and tax deductible expenditure for the tax authority.

• Tax exile

• Tax avoidance

• Tax return

• Tax evasion

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

What basic financial statements can be found in a corporate annual report?

• Earnings statement and statement of retained earnings

• Balance sheet, income statement, statement of shareholders' equity, and statement of cash flows

• Balance sheet, auditor's report and income statement

• Statement of cash flows and five-year summary of key financial data

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Smaller profits may be better so that we pay _______________ tax.

• much

• more

• few

• less

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

A list of all employees and their wages

• Balance sheet

• Payroll

• Liquid assets

• Liability

Money remaining after all expenses and taxes have been paid

• Expense

• Property

• Equity

• Net income

Tags

CCSS.7.RP.A.3

Liability

• Something that is legally owned by a person or company

• A list of all employees and their wages

• The balance of cash receipts minus cash payments over a given period of time

• An obligation to settle a debt; money owed to someone

The process of comparing the actual state of the bank account with the bank nominal code in the accounts

• balance sheet

• income statement

• Bank Reconciliation

cash in hand

the amount of liquid equity held by an entity at a certain point of time

• True

• False

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4