ACCOUNTING AND TAXATION
Choose the best word to build compound nouns related to accounting and
taxation.
- Capital _____ are the buildings and machines owned by a
business.
stakes shares expenditures assets goods
- Capital _____ are profits made by selling buildings or machines.
losses gains profits wins stakes
- Capital _____ is money which is spent on buildings and
equipment.
expense costs return investment spending
- A _____ account (
black bank profit current credit
- I can put this lunch on my _____ account. My
employer will pay for it.
costs expenditure bank expense employer's
- A _____ item is a single part of a financial
statement giving details of the accounts of a company. (US English)
row set line bad queue
- A profit _____ is the difference between the amount of
money that a company receives for a product and the amount which it has
spent on it.
interest line sum mark margin
- A _____ packet (
pay purse salary wage employee
- A _____ packet (
salary pay wage fee prize
- Petty _____ is a small amount of money kept in
the company's office for buying cheap items.
money dollar cash coin bank note
- A profit _____ is the profit that can be made
in a business after the costs have been deducted.
plus tax loss margin gain
- A sales _____ is the book which contains a list
of all company sales arranged by date.
journal notebook book logging note
- Credit _____ systems make sure that debtors do not owe
too much money.
check control proof watch restraint
- _____ tax is the money that a person has to
pay to the government, such as income tax.
A high An indirect A direct A government A value added tax
- Duty-_____ goods are luxury goods bought in special shops on
which you do not pay tax.
less fail friendly free fiend
16. The bank has lost $703 million as a result of
bad _____.
debts loans profit
loss customers
17. A balance _____ is a statement that shows the value
of a company's assets and its debts.
paper graph sheet line document
FINANCIAL
TERMINOLOGY QUIZ
1.
He's an excellent doctor, but he doesn't _____ too
much.
charge fee spend
2.
It was a very good dinner. Can we have the _____
please?
Receipt bill note
3.
Mary never carries cash with her and pays for
everything by _____.
Receipt tip credit-card
4.
The old couple had only a small ___ to live on.
Wage wealth pension
5.
Fred didn't like the waitperson so he didn't leave a
_____.
Receipt tip loan
6.
They wouldn't have been able to buy their camper
without a bank ____.
Borrow lend loan
7.
The store won't change any merchandise without the
original _____.
Receipt credit-card recipe
8.
The dime is such a small _____ that everyone
dislikes it.
Tip coin note
9.
The apartment is not in very good condition so the
_____ is low.
Rent lease hire
10.
The cd-player has a twelve month _____.
Warrant warranty receipt
11.
He keeps all his money and valuables in a _____
behind this painting.
Tip box safe
12.
My friend Tom made his considerable _____ selling
cars.
Wealthy wealth money
13.
I've just bought a new _____ policy.
Insure insurance uninsured
14.
Jane saves as much money as she can and tries to
never spend a dime.
She is a ______.
Retired miser heir
15.
My friend just inherited a lot of money and
property. He is ______ to a great deal of wealth.
Miser inherit heir
16.
Jack just became the boss at the bank. He is the
bank's ______.
Advisor manager client
17.
My father is past 65, he is now a ______ man.
Retired pension swindler
18.
Someone who keeps or checks financial records for a
company is a(n) _____.
Manager accountant swindler
19.
I love to go shopping often. Most shops consider me
a great _____.
Manager customer heir
20.
If I need money from the bank, I go to a _____ to
make a withdrawal.
Teller lawyer cashier
21.
If you have any problems with your insurance policy
you should see your _____.
Agent teller manager
22.
People who like to buy and sell stocks are called
_____.
Swindler investors heir
23.
Unfortunately, I bought a piece of worthless junk
from a _____ who told me it was a masterpiece.
Swindler manager miser
24.
It's an excellent university, but the _____ are
rather high.
Fares fees price
25.
I made my _____ buying and selling stocks.
Fortune treasure wealthy
26.
I bought this coat on sale. It was _____ $50.
on sale decreased reduced
27.
There's a small studio to _____ in James Street
Lent hire lease
28.
I haven't got enough money for lunch. Could you
_____ me some?
Borrow let lend
29.
How much does she _____ in her position?
Gain earn pay
30.
That house is too expensive. We can't _____ it.
Allow afford pay
VOCABULARY
Questions
from 1 to 13
- charge
- fee
- spend
- Receipt
- Bill
- note
- tip
- credit-card
- Wage
- wealth
- pension
- loan
- Borrow
- Lend
- recipe
- coin
- Rent
- Lease
- hire
- Warrant
- warranty
- box
- safe
- Wealthy
- money
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