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1st round: Professional Terminology /Academic Year 22-23/

Total questions: 77

Worksheet time: 58mins

Name
Class
Date
1.
___________ refers to refilling a depleted cash box in a petty cash system. 
a)
Defosit
b)
A petty cash
c)
To replenish
d)
Expenditure
e)
Withdrawls
2.
Assign someone to a particular office or position, as in When the head of White House security resigned, it was up to the President ____________________.
a)
To adjust a schedule
b)
To advise clients
c)
To make an appointment
d)
To fill out an application
e)
To open an account
3.

If you have already made your schedule, the first one looks appropriate, with a slight change-I will ________________ to synchronize with yours. 

a)
To cash a check
b)
To Make a deposit
c)
To manage records
d)
To make an appointment
e)
adjust my schedule
4.
Lists the general ledger account balances after any adjustments have been made.
a)
Paycheck
b)
Adjusted trial balance
c)
Value added tax
d)
Tax accountant
e)
File clerk
5.
______________can be an actual piece of paper (a check) that a person can take to the bank to deposit to their account or exchange for cash.
a)
A paycheck
b)
Gross margin
c)
Internal auditor
d)
Operating margin
e)
Salvage value
6.
A consumption tax assessed on the value added in each production stage of a good or service. 
a)
Sales revenue
b)
Tangible asset
c)

Value added tax

d)
Sales price
e)
Recovery period
7.
It is a monetary activity that is recorded as an entry in accounting records and has a monetary effect on the financial statements.
a)
Checking account
b)
Wear and tear
c)
Tax form
d)
Payroll
e)
A transaction
8.
A person who is learning and practicing new skills, esp. ones connected with a job.
a)
Teller receipt
b)
Cashier’s check
c)
Certified Public Accountant
d)
Trainee
e)
File clerk
9.
A declaration of personal income made annually to the tax authorities.
a)
Disclosure
b)
Tax form
c)
Fiscal year
d)
Fixed asset
e)
Depreciable asset
10.
The term is most commonly associated with fixed assets, such as machinery, vehicles, and buildings.
a)
Corporate tax
b)
Excise tax
c)
Tangible asset
d)
Depreciable asset
e)
Depreciation schedule
11.
Current assets are the _________ of assets that will convert into cash in less than 12 months. 
a)
Cost
b)
Firm
c)
Sue
d)
Sum
e)
Markup
12.
Something a person or company owes, usually a sum of money.
a)
Liability
b)
Net income
c)
Obsolescence
d)
Outflow
e)
Equity
13.
The __________________ of world market prices for the mineral resource in the mid-1970s caused a severe economic and revenue crisis.
a)
The sharp increase
b)
The sharp decline
c)
The sharp stablity
d)
The sharp point
e)
The sharp percent
14.
Stock refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. 
a)
Cashier’s check
b)
Deposit slip
c)
Local currency
d)
Sales revenue
e)
Inventory
15.
The balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.
a)
Withdrawals
b)
Accounts receivable
c)
Expenditure
d)
Letter of credit
e)
Exchange rates
16.
An asset used for generating income or profit and has a useful life of more than a year and gradually reduces in value over time.
a)
Back office
b)
Outflow
c)
Depreciable asset
d)
Fixed asset
e)
Liability
17.
 Corporation tax or company tax
a)
Sales price
b)
Sales tax
c)
Inheritance tax
d)
Corporate tax
e)
Value added tax
18.
The company's initial focus was developing the ___________ needed for their clients.
a)
Accounting software
b)
Transaction
c)
Service fee
d)
Account application
e)
Balance sheet
19.
Synonym of To peak (2 answers are acceptable)
a)
bottom out
b)
come to head
c)
culminate
d)
culmination
e)
top
20.
The charges are completely ___________ with the accusations we have made
a)
Organize files
b)
Consistent
c)
To Replenish
d)
An application
e)
Petty cash
21.

The governors and head have (a)   responsibility for managing the school.

22.

(a)   is a current liability account in the general ledger, in which is stored the amount of funds paid by customers in advance of a product or service delivery. (2 answers are acceptable)

23.

(a)   look at your personal circumstances and your financial plans and recommend products to help you meet your needs.

24.

(a)    is essentially a financial contract between a bank, a bank's customer and a beneficiary.

25.

The amount that an asset is estimated to be worth at the end of its useful life.

(a)  

26.

A tax paid to a governing body for the sales of certain goods and services. 

(a)  

27.

Defaulted loan

(a)  

28.

Income from products and services before any expenses are deducted.

(a)  

29.

The list price is simply the price that an item is listed to be sold for. 

(a)  

30.

The time during which an economy improves after a difficult period

(a)  

31.

A bill you receive from your Suppliers against which you need to make the payment.

(a)  

32.

One of the three major financial statements that report a company's financial performance over a specific accounting period.

(a)  

33.

A computer file used for recording payroll transactions for each employee and maintaining total employee wages paid for the year to date.

(a)  

34.

A ratio that measures how profitable your company is

(a)  

35.

Adding a markup to the cost of goods and services to arrive at a selling price. 

(a)  

36.

The landscapes of our national parks are a particularly valuable (a)   which should not be depleted.

37.
The action of receiving something or the fact of its being received.
4 lines
38.
It is recorded at a single point in time (the time of purchase), compared to an expense that is recorded in a period where it has been used up or expired.
4 lines
39.

Here are a few tips and best practices to help you do this:

1) Store documents in a shared location, NOT on your personal computer.

2) Don't mix business and personal files.

3) Group by category.

4) Group by date.

5) Don't be afraid of sub folders.

6) Use Final, Draft and Archive folders.

7) Use good file naming conventions.

8) Create folder templates.

4 lines
40.
хэрэглэгчийн бүртгэл
4 lines
41.
Cashier’s check
4 lines
42.
Account application
4 lines
43.
валютын ханш
4 lines
44.
To open an account
4 lines
45.
үндэсний мөнгөн тэмдэгт
4 lines
46.
Checking account
4 lines
47.

Unscramble:

yloplra

4 lines
48.
It indicates how the revenues are transformed into the net income or net profit.
4 lines
49.
A large amount of money, liquid, or people that moves or is transferred out of a place.
4 lines
50.

Unscramble:

irperonatgamnir

4 lines
51.

Unscramble:

nolsosceebec

4 lines
52.

Unscramble:

enemtcnio

4 lines
53.

Unscramble:

prumak

4 lines
54.
To Make a deposit-хадгаламж хийх
a)
Yes
b)
No
c)
(-)
55.
үндсэн хөрөнгө
4 lines
56.
fiscal year
4 lines
57.
пүүс компани
4 lines
58.

Unscramble:

ckefelirl

4 lines
59.
онцгой албан татвар
4 lines
60.
The proportion of the total value of a company's assets that can be claimed by its owners.
4 lines
61.
тайлант хугацааны төгсгөлийн үйл ажиллагаа
4 lines
62.
dumping
4 lines
63.

Unscramble:

ilpesuidetcereanchod

4 lines
64.
 A summary of how you've used your credit card for a billing period.
4 lines
65.
To Bottom out
a)
дээд цэгт хүрэх
b)
доод цэгт хүрэх
c)
өсөх
d)
буурах
e)
тогтворжих
66.
To increase
a)
climb
b)
decrease
c)
stable
d)
fluctuate
e)
bottom out
67.
The maximum withdrawal rule-заагдсан зардлын дээд хэмжээ
a)
Yes
b)
No
68.

Unscramble:

btenahelcesa

4 lines
69.
зайлшгүй зардал-A worthwhile expenditure
a)
Yes
b)
No
c)
(-)
70.

Төлөгдөөгүй зээл-Acceptable expenditure

a)
Yes
b)
No
c)
(-)
71.
Balance sheet blank-дансны үлдэгдлийн маягт
a)
Correct
b)
Incorrect
c)
(-)
72.
Teller receipt-теллерийн баримт
a)
Correct
b)
Incorrect
c)
(-)
73.

Follow these steps to fill out your next job application properly:

1). Read the application before filling it out.

2). Take your time.

3). Answer completely.

4). Include your resume.

5). Fill out job.

6). Put in the extra effort

7). Research your salary.

a)
Correct
b)
Incorrect
c)
(-)
74.
зарлагын баримт-deposit form
a)
Correct
b)
Incorrect
c)
(-)
75.
Account statements blank- дансны хуулга
a)
Correct
b)
Incorrect
c)
(-)
76.
back office-арын алба
a)
Yes
b)
No
77.
үйлчилгээний хураамж-service payment
a)
Correct
b)
Incorrect
c)
(-)

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