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


Match each definition with the letter of one of the following:

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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