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Business English Exercise | Topic: English for Accounting 3

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. In economics, a transfer _________________ is a non-compensatory government payment to individuals (such as welfare or social security benefits).

2. Things of value owned by a business are known as its _________________.

3. What's the opposite of an asset?
  A liability
  A liaison

4. Some think that the _________________ of many companies are overstated due to deceptive accounting practices.

5. Every company should have a clear record of their _________________ assets.

6. Is "book _________________" the same as "net worth"?

7. Not only has the company __________________ a lot of capital, but it has done so efficiently.
  to invest

8. The breakeven point in sales dollars can be calculated by _________________ a company's fixed expenses by the company's contribution margin ratio.

9. Our company's _________________ ( = not fixed) expenses are approximately $45,000 per month.

10. By forming a corporation, you can _________________ to only those assets owned by your corporation.
  check your liability
  stop your liability
  limit your liability

Check answers


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