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Worksheets

English for Accounting

Total questions: 20

Worksheet time: 7mins

Name
Class
Date
1.

a document which summarizes the assets, liabilities and equity of a business entity at a given time

a)

trial balance

b)

balance sheet

c)

income statement

2.

the American and Australian equivalent of a Chartered accountant

a)

CA

b)

CPA

c)

CEO

3.

the most senior financial manager, responsible for overseeing the financial activities of the entire company

a)

CEO

b)

CIA

c)

CFO

4.

the state where income tax is paid twice (often to two different governments) on one income

a)

Income Tax

b)

Foreign Tax

c)

double Taxation

5.

reasonable actions taken by a person to satisfy a law or regulation

a)

due diligence

b)

tax diligence

c)

Merger

6.

the money used in another country.

a)

local currency

b)

foreign currency

c)

change currency

7.

a business entity where the debts of the company are separate from the debts of the share-holder

a)

Limited Liability

b)

Limited Liability Company

c)

Partnership

8.

a business which is owned and run by one person

a)

Sole-trader

b)

Partnership

c)

Private Company

9.

The corporations whose stock is traded on a stock exchange

a)

Public Company

b)

Private Company

c)

Single Company

10.

The ownership or equity of a corporation divided into shares

a)

Stock

b)

stock exchange

c)

stock market

11.

a statement of all debits and credits in the double-entry account, with any discrepancies shown

a)

balance sheet

b)

trial balance

c)

income statement

12.

more than, greater than

a)

in excess of

b)

discrepancies

c)

added

13.

The primary job of an accounts receivable specialist is to process and track all outstanding company bills

a)

Accounting Specialist

b)

Account Payable Specialist

c)

Account Receivable Specialist

14.

A ____________'s job is to record all transactions, post debits and credits into a general ledger, and produce financial statements and other reports for the management of the company

a)

bookkeeping

b)

bookkeeper

c)

reporting

15.

accounting clerks who manage all outgoing payments for a company

a)

Accounts receivable specialist

b)

Accounts payable specialist

c)

payroll clerks specialist

16.

Job duties for _________ typically include general bookkeeping, maintaining financial reports, and preparing and analysing budget

a)

bookkeeper

b)

CEO

c)

staff accountants

17.

__________ prepare state and federal income tax documents for a client.

a)

Accountant

b)

Tax Accountant

c)

Tax Advice

18.

_______ record and analyze financial records for companies or individuals.

a)

Accountants

b)

bookkeeper

c)

CFO

19.

___________ are responsible for the financial health of a company, group, or organisation

a)

Finance managers

b)

Accountant Managers

c)

Tax Managers

20.

high-level financial officers at companies

a)

CFO

b)

CEO

c)

Controller