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Business English Exercise | Topic: English for Accounting 2

Designed to teach you accounting, bookkeeping, and other vocabulary for financial record keeping, while polishing your grammar skills. Although it's meant for ESL students, it'll be useful to anyone who wants to practice this specialized vocabulary.

(Choose the best response for each one)

1. I have a lot of experience in collecting financial information necessary for __________________ various tax returns.

2. I find it really hard to keep track of my __________________. ( = the money I spend)

3. You have nothing to worry about. Your (financial) __________________ accurately reflect your business's income and expenses.

4. The IRS is a government organization responsible for _________________ taxes in the USA.

5. If the IRS __________________ you, they will want to inspect your financial records in detail.

6. You should always keep __________________ ( = proof of payments) or other acceptable records of every payment to your business and every expenditure by your business.

7. An expenditure is basically a __________________.
  tax form

8. What do you do with forms?
  you fill them up
  you fill them out
  you fill them

9. One of your duties will be to summarize the company's income and expenditure records on a monthly __________________.

10. I can help you determine how much your business is worth at a specific __________________.
  time point
  point in time

Check answers


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