Accounting Terms

Student: _____________________________
Teacher: Mg. Cruzado Portalanza, Angela Date: ______________
Course: English III

I. Choose the correct answer

1. It is a procedure designed to prevent crime and / or deceit

A. Accounting control B. Cash C. Debt

2. To_______ something is to assign it to a paticular location.

A. Bill B. Allocate C. Tax

3. It is a uniform set of methods and procedures.

A. Credit B. Sales revenue C. Accounting system

4. To _______someone is to send him or her a document stating an amount of

money that he or she owes.

A. Payroll B. Bill C. Taxes

5. It is an amount that is added to a quantity of something.

A. Accrual B. Cost C. Document

6. Something is to transfer it from one period to another.

A. Carry over B. Financing activity C. File

7. They are the accounts in which credit sales are recorded.

A.Cash B. Flash drive C. Accounts receivable

8. They are the accunts in which credit purchases are recorded

A. Factor B. Accounts payable C.Tax

9. It is an amount of money paid in addition to regular wages or salaries

A. Fiscal year B. Fax C. Bonus

10. It is any type of business

A. Business entity B. Salary C. Bill

ACP/ ACP Mg. Cruzado Portalanza , Angela

 11. It is a pattern of detailed records that is easy to understand.

A. Internal auditor B. Cost C. Audit trail

12. It is the research into an individual´s past to see if that person has a criminal
record.

A. Inform B. Background check C. Fiscal year

13. A _____________ is a hand-held device that performs mathematic operations.

A. Charge B. Cash flow C. Calculator

14. ___________________ is to exchange a check for money.

A. Cash a check B. Copier C. Cost

15. _____________________ is the process of money moving into and out of a

company.
A. Binder B. Corporate tax C. Cash flow
16. ______________________ are periodic payments made to the owner(s) of a
company.

A. Debt B. Cash distributions C. Assess

17. _______________________ is a customer or person for whom services are

provided.
A. Cash B. Office C. Client

18. A statement showing financial information for a certain period.

A. Profit and Loss B. Income statement C. Debt

19. Money that is paid to a goverrment.

A. Bottom Line B. Net Income C. Taxes

20. The money that is received from selling goods or services.

A. Credit B. Sales revenue C. Period of time

21. They are things that companies do to increase the amount cash they have.

A. Floppy drive B. Financing activity C. File

ACP/ ACP Mg. Cruzado Portalanza , Angela
 22. It is the period used by organizations to prepare annual financial statements.

A. Fiscal year B. Inflow C. Fax

23. It is a document that shows how much money an organization gained or lost in a
certain period of time.

A. Generate B. Firm C. Income statement

24. It is an account that is caculated by subtracting cost of goods sold.

A. Inform B. Fiscal year C. Gross margin

ACP/ ACP Mg. Cruzado Portalanza , Angela

ACP/ ACP Mg. Cruzado Portalanza , Angela