Business English Site header

Business English Exercise | Topic: English for Accounting 4

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. An accountant who reviews the accounting procedures of a company is called _________________.
  an auditor
  an audience
  a lawyer

2. Do you have any experience in using an _________________ costing system?

3. A general _________________ in business says that 20% of the product line produces 80% of the sales.
  rule of thumb
  famous rule
  rule of thumbs

4. The term "equity" refers to the owners' _____________________ of the business.

5. An expenditure will not necessarily show up on the income _____________________ at the time the expenditure is made.

6. All expenditures _____________________ ( = in time) show up as expenses.

7. Something is an "expense" if it is _____________________ against revenue during an accounting period.

8. Our company's _____________________ year begins on May 1.

9. Thanks to your hard work, we've seen some positive changes in sales _____________________. ( = we have started selling more)

10. We really need to start keeping our business _________________ organized.

Check answers


(c) 2007-2016 (a division of unless otherwise stated. REPOSTING ANY OF OUR CONTENT ONLINE IS NOT ALLOWED. Please see our content policy before sharing our content.