Topic: English for Accounting 5

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 correct response for each of the sentences.

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.
  financial
  finances
  finance

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

4. "Liquid" assets often refer to _____________________.
  credit
  cash
  checks

5. A flat-rate plan ______________________ marginal costs.
  elaborates
  takes
  eliminates

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

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.
  risky
  risk
  risque

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


CHECK ANSWERS

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