Second English exam

Is the process by which accountants prepare financial statements for an entity for a specific period of time:

• Accounting cycle

• Management

• Elements of accounting

• Auditing

Is a systematic process that obtains and

evaluate evidences about financial statements:

• Revenue

• Accounting

• Auditor

• Audit

Is the language of business

• Account

• Accounting

• Economic

• Management

Is someone who evaluates the financial statements, verifies accounting data and writes a report:

• Auditor

• Accountant

• Economy

• Teacher

Refers to any independent examination

• Assets

• Financial statements

• Accounting

• Auditing

Complete the accounting formula:

Owner's equity=_________ - liabilities

Money in:

• Revenue

• Expenses

• Assests

• Liabilities

Money out

• Expenses

• Revenue

• Assets

• Liabilities

Tax payable, Account payable and Salary payable are examples of:

Luca Pacioli was an ___________________ mathematician

• english

• french

• italian

• american