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ENGLISH FOR ACCOUNTING | Topic: Accounting (common words/expressions) - vocabulary matching 1

Match the definition on the left with the letter of the term on the right:

a - balance sheet
b - liquid assets
c - liability
d - net income
e - property
f - payroll
g - equity
h - journal
i - cash flow
j - expense
1. a list of all employees and their wages -->

2. an accounting record where all business transactions are INITIALLY entered -->

3. money that is spent to purchase goods or services provided by someone else -->

4. 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. -->

5. something that is legally owned by a person or company -->

6. an obligation to settle a debt; money owed to someone -->

7. this word has 2 meanings: "stock (shares)" and "net worth" -->

8. the balance of cash receipts minus cash payments over a given period of time -->

9. cash or something that is easily convertible into cash -->

10. money remaining after all expenses and taxes have been paid -->

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