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Worksheets

English For Accounting

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

A list of all emplayess and their wages

a)

Balance sheet

b)

Payroll

c)

Liquid assetd

d)

Liability

2.

Something that is legally owned by a person or company

a)

Property

b)

Journal

c)

Expense

d)

Payroll

3.

Cash or something that is easily convertible into cash

a)

Net income

b)

Cash flowr

c)

Liquid asset

d)

Liability

4.

An obligation to settle a debt; money owed to someone

a)

Equity

b)

Expense

c)

Journal

d)

Liability

5.

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)

Net income

b)

cash flowr

c)

Balance sheet

d)

Equity

6.

CASH FLOW

a)

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

b)

An accounting record where all business transactions are INITIALLY entered

c)

Money remaining after all expenses and taxes have been paid

d)

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

7.

JOURNAL

a)

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

b)

An accounting record where all business transactions are INITIALLY entered

c)

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.

d)

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

8.

NET INCOME

a)

Cash or something that is easily convertible into cash

b)

An obligation to settle a debt; money owed to someone

c)

Money remaining after all expenses and taxes have been paid

d)

An accounting record where all business transactions are INITIALLY entered

9.

LIABILITY

a)

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

b)

Cash or something that is easily convertible into cash

c)

An accounting record where all business transactions are INITIALLY entered

d)

An obligation to settle a debt; money owed to someone

10.

EXPENSE

a)

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

b)

An accounting record where all business transactions are INITIALLY entered

c)

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

d)

Money remaining after all expenses and taxes have been paid