A. The total legal obligations of a company

B. The ordinary shares held by the owners

C. The total assets of a company

D. The total liabilities of a company

A. To prepare tax returns only

B. To provide advice on taxation laws

C. To manage company finances

D. To conduct audits

A. What value should be given to the numbers in the accounts? it is normal to act pessimistically so that profits and assets are not overstated, and expenses and liabilities realistically valued.

B. The difference between the sales value and the dearest cost of producing an item.

C. The idea that amounts should be recorded at the time they occurred not when cash is paid received.

D. The end date of a contract.

A. Buying or selling something.

B. The proportion of own capital to borrowed funds when buying an asset or financing a company

C. Money that is owed

D. The opposite of assets

A. An agreement between two or more parties, often written.

B. An agreement where the owner of something allows someone else to use it for a specific time for a sum money.

C. Someone who owns parts of a company.

D. Money that is owed.

A. Statement of profit or loss

B. Statement of Earnings

C. Management Accounts

D. Balance Sheet

A. two thousand three

B. two double oh three

C. two thousand and three

D. twenty oh three

A. nineteen ninety-nine

B. nineteen hundred ninety-nine

C. nineteen nine nine

D. one nine nine nine

A. one thousand and one

B. ten thousand one

C. ten thousand and one

D. one triple oh one

A. net income - dividends on preferred stock

B. cost of goods sold / average inventory

C. revenue - cost of goods sold / revenue

D. total liabilities / shareholder's equity

A. cost of goods sold / average inventory

B. interest expenses / liabilities - accounts payables

C. market value per share / earning per share

D. net income / shareholder's equity

A. straight line

B. fixed assets

C. interim tax return

D. taxation expense

A. to make the tax go up

B. tells you what amount of tax to pay based on income

C. trying not to pay tax (legal)

D. to introduce a new tax on something

A. to cancel a tax

B. trying not to pay tax (illegal)

C. someone who lives in another country for tax reasons

D. when you don't have to pay tax on certain income

A. to cancel a tax

B. to introduce a new tax on something

C. trying not to pay tax (illegal)

D. trying not to pay tax (legal)

A. Submission

B. Profit

C. Capital

D. Tax exempt

A. Temporary

B. Lease

C. Budget

D. Inheritance

A. Profit

B. Liabilities

C. Assets

D. Drawings

A. Earnings

B. Capital

C. Subtract

D. Budget