ACCOUNTING VOCABULARY

Choose the correct word according to the definition.

It is the taxation agency in the United States

• INVENTORY

• LESS

• IRS

• ISS

Choose the correct word according to the definition.

It shows that two things are the same.

• IRS

• IS

• LESS

• LIABILITY

Choose the correct word according to the definition.

It means that one quantity is meant to be taken away from another.

• LESS

• IRS

• INVENTORY

• MARKUP

Choose the correct word according to the definition.

It is any amount of money that a company owes.

• INVENTORY

• LESS

• MARKUP

• LIABILITY

Fill in the blank with the correct word.

Bike Smart offers a vast __________ of bicycles and accessories.

Fill in the blank with the correct word.

The company where I work has an old ________ _______.

Fill in the blank with the correct word.

The _________ of that company was high last year

Choose the correct word according to the definition.

Money that remains after all expenses have been deducted from sales revenue.

• MARKUP

• NET INCOME

• TAX

• IRS

Choose the correct word according to the definition.

It is a device used to talk to people across great distances using radio waves.

• MARKUP

• LAPTOP

• MOBILE PHONE

Fill in the blank with the correct word.

His working tool is a ________ ___________.