Unit1 (10cau unit9)

Accounting is one of the ................. fields in the modern business world.

• fast-growing

• faster growing 

• fastest-growing

• fastest-grow

Nonprofit organizations are in business for some purposes other than ................. money.

• make

• making      

• to make            

• made
  
  

Accounting serves the purpose of record keeping by promptly ................. all the business transactions in the books of account.

• selling

• buying

• . recording          

• reporting

Private accountants, also called executive or administrative accountants, handle the ................. of a business.

• balance sheets                        

• financial records        

• cash flow statements

• operations

Controllers are responsible ................. maintaining the records of the company’s operations

• . to                      

• with

• of  

• . for

Managerial accountants work with the kinds of financial reports ................. to management for the efficient operation of the company, including budgets and cash flow projections.

• . necessary         

• . unnecessary

• need

• needn’t

. Many people have chosen ................. as a profession because of its many advantages

• account

• accounting    

• . accountant

• counting

Reports on past ................. and current financial status are useful only as input to decisions about courses of action that will lead to future performance and status

• . performed       

• perform  

• performing

• performance 

Accounting is also intimately involved in ................. the financial interests of the parties involved in all kinds of relationships

• sorting out        

• giving out        

• getting out       

• running out

Taxing ................. are interested in past financial performance in order to assess and collect appropriate taxes.

• authority

• . authorize

• . authorities   

• authorizing