Business English Site header

Business English Exercise | Topic: English for Accounting 5

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. A statement of _________________ helps you keep track of your business's finances.
  cash flow
  cash flowing
  money flow

2. Customers usually come here looking for _________________ advice.

3. This plan is not really _____________________ ( = executable).

4. "Liquid" assets often refer to _____________________.

5. A flat-rate plan ______________________ marginal costs.

6. In accounting, a cost that does not _____________________ ( = change) with the level of production or sales is referred to as "overhead".

7. There are two types of profit: gross profit and _____________________.
  net profit
  non-gross profit
  netto profit

8. "Net profit after taxes" is what's called "the bottom line". It's the _____________________ after everything has been subtracted.
  netto income
  gross income
  net income

9. An element of _____________________ is always present in all business activities.

10. A _____________________ of an item in account books (because it no longer has any value) is what's known as a "write-off".

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.