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Business English Training l ACCOUNTING: General vocabulary practice 5
Choose the correct response to complete each of the following sentences:
1. A statement of _________________ helps you keep track of your business's finances.
a) cash flow b) cash flowing c) money flow
2. Customers usually come here looking for _________________ advice.
a) financial b) finances c) finance
3. This plan is economically _____________________ ( = profitable).
a) fast b) worthy c) feasible
4. "Liquid" assets often refer to _____________________.
a) credit b) cash c) checks
5. A flat-rate plan ______________________ marginal costs.
a) elaborates b) takes c) eliminates
6. In accounting, a cost that does not _____________________ ( = change) with the level of
production or sales is referred to as "overhead".
a) vary b) variable c) variety
7. There are two types of profit: gross profit and _____________________.
a) net profit b) non-gross profit c) netto profit
8. "Net profit after taxes" is what's called "the bottom line", - it's the _____________________ after
everything has been subtracted.
a) netto income b) gross income c) net income
9. An element of _____________________ is always present in all business activities.
a) risky b) risk c) risque
10. A _____________________ of an item in account books (because it no longer has any value) is
what's known as a "write-off".
a) cancel b) cancellation c) constellation
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Business English Training l ACCOUNTING: General vocabulary practice 5
ANSWERS:
1) a 2) a 3) c 4) b 5) c 6) a 7) a 8) c 9) b 10) b