Topic: English for Accounting 1

An exercise to help you learn & practice 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 to complete each of the sentences below.

1. I __________________________ our profits for the previous accounting period.
  called
  gathered
  calculated

2. Your job will be to __________________________ and maintain financial records.
  promise
  prepare
  make

3. An accounting period is a period of time over which __________________________ are calculated.
  prophets
  profits
  profiteering

4. Accounts __________________________ refers to the money that is owed to the company by its clients/customers.
  receivable
  receptive
  respected

5. To accrue means to accumulate or _________________.
  decrease
  regret
  increase

6. My house has _______________________ ( = increased in value) by 10% in the past 9 months.
  appreciated
  depreciated
  approximated

7. I indicated all the accrued expenses on your balance _______________________.
  sheet
  paper
  note

8. These expenses are typically __________________________. ( = they occur regularly)
  pragmatic
  prodigal
  periodic

9. Another word for accounting is __________________________.
  finance
  bookkeeping
  money counting

10. A good accountant will help you keep _________________________of your business's finances.
  track
  trace
  score


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