Accountancy Vocabulary

A person whose job is to keep, inspect, and analyze financial accounts is an:

• Artis

• Accountant

• Manager

A commercial business is also a:

• Home

• Company

Assets are the items your company owns and Liabilities are what you owe other companies.

• True

• False

The ______________ provides a static picture of

the financial position at a point in time.

• Company

• Balance Sheet

• Accountant Sheet

a person or company to whom money is owing or payable is known as:

• Loaner

• Creditor

• Owner

If you owe money to a bank or company you are a:

• Debtor

• Creditor

• Loaner

_______ is the money that comes in, ___________ the money that goes out.

• Income - Expenses

• Spense - Encome

• Dolar - Peso

Equity or Capital is the money you invest in a business

• True

• False

The money you get from working is called

• Salary

• Loan

• Investment

A list of employees and their salaries is called

• Pay phone

• Pay sheet

• Salary