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ACCOUNTING VOCABULARY

Total questions: 12

Worksheet time: 10mins

Name
Class
Date
1.

Choose the correct word according to the definition.


It is the taxation agency in the United States

a)

INVENTORY

b)

LESS

c)

IRS

d)

ISS

2.

Choose the correct word according to the definition.


It shows that two things are the same.

a)

IRS

b)

IS

c)

LESS

d)

LIABILITY

3.

Choose the correct word according to the definition.


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

a)

LESS

b)

IRS

c)

INVENTORY

d)

MARKUP

4.

Choose the correct word according to the definition.


It is any amount of money that a company owes.

a)

INVENTORY

b)

LESS

c)

MARKUP

d)

LIABILITY

5.

Fill in the blank with the correct word.


Bike Smart offers a vast (a)   of bicycles and accessories.

6.

Fill in the blank with the correct word.


The company where I work has an old ________ _______.

(a)  

7.

Fill in the blank with the correct word.


The (a)   of that company was high last year

8.

Choose the correct word according to the definition.


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

a)

MARKUP

b)

NET INCOME

c)

TAX

d)

IRS

9.

Choose the correct word according to the definition.


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

a)

MARKUP

b)

LAPTOP

c)

MOBILE PHONE

10.

Fill in the blank with the correct word.


His working tool is a ________ ___________.

(a)  

11.

WHAT IS THE MEANING OF MULTIPLIED BY?

a)

A number is meant to be added to itself a certain number of times.

b)

one quantity is meant to be taken away from another.

c)

a number is meant to be subtract to itself a certain number of times.

12.

Fill in the blank with the correct word.


The payment will be refunded to you (a)   a small service charge.