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Worksheets

English for accounting

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

A list of all employees and their wages

a)

Balance sheet

b)

Payroll

c)

Liquid assets

d)

Liability

2.

Something that is legally owned by a person or company

a)

Journal

b)

Cash flow

c)

Expense

d)

Property

3.

A detailed summary of a person's or a company's financial condition at a specific point in time, taking into account their assets, liabilities, etc.

a)

Equity

b)

Liquid assets

c)

Balance sheet

d)

Cash flow

4.

An accounting record where all business transactions are INITIALLY entered

a)

Journal

b)

Expense

c)

Payroll

d)

Liability

5.

Money remaining after all expenses and taxes have been paid

a)

Property

b)

Net income

c)

Balance sheet

d)

Cash flow

6.

Expense

a)

Cash or something that is easily convertible into cash

b)

Something that is legally owned by a person or company

c)

This word has 2 meanings: "stock (shares)" and "net worth"

d)

Money that is spent to purchase goods or services provided by someone else

7.

Balance sheet

a)

A detailed summary of a person's or a company's financial condition at a specific point in time, taking into account their assets, liabilities, etc.

b)

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

c)

A list of all employees and their wages

d)

Something that is legally owned by a person or company

8.

Cash flow

a)

An obligation to settle a debt; money owed to someone

b)

Money remaining after all expenses and taxes have been paid

c)

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

d)

This word has 2 meanings: "stock (shares)" and "net worth"

9.

Liability

a)

A detailed summary of a person's or a company's financial condition at a specific point in time, taking into account their assets, liabilities, etc.

b)

An obligation to settle a debt; money owed to someone

c)

A list of all employees and their wages

d)

Money that is spent to purchase goods or services provided by someone else

10.

Liquid assets

a)

Cash or something that is easily convertible into cash

b)

A list of all employees and their wages

c)

Something that is legally owned by a person or company

d)

An obligation to settle a debt; money owed to someone