SERVICIO NACIONAL DE APRENDIZAJE SENA

Taller de Aprendizaje – Bilingüismo

WORKSHOP ACCOUNTING VOCABULARY

Full name: María Ospina, Yucely Buitrago, Oscar Noguera, Breinner Orozco Date: 2468481 – 22/07/2022

1. Check these links:

https://www.esl-lab.com/easy/daily-schedule/

Breinner Orozco

Oscar Noguera

Maria Ospina
https://www.businessenglishsite.com/business-english-grammar-verb-tenses1.html

Breinner Orozco

Oscar Noguera

Oscar Noguera
Maria Ospina

2. Match the method of payment with the definition

a. A piece of paper which transfers money from your

1. Credit card account to somebody else's account_____

2. Debit card b. Similar to a credit card, but usually operated by a chain

of shops or another retailer____
3. Charge card
c. The money is deducted from your bank account almost
4. Cheque immediately____

d. These can be exchanged for foreign currency, or in some

5. Traveller's cheque
cases used instead of cash__

Charge account e. You owe the card provider money. You can pay it back
in one instalment or over a longer period if you wish. ____

f. You owe the retailer money___

 3. Complete the chart

For each item, indicate whether it is an Asset, a Liability, or Capital in Column A.

1. Tools and equipment Asset

2. Salaries payable Liability

3. Additional investment of owner capital

 A

4. Cash on hand Asset

5. Cash deposited in Prime Bank Asset

6. Delivery truck Asset

7. Obligation to pay supplier Liability

8. Loan from bank, 5 years Liability

9. Investment in long-term bonds Capital

10. Prepaid insurance Liability

11. Patent (an intangible) Asset

12. Withdrawals made by owner Asset

13. Merchandise for sale Asset

14. Building used as office space Asset

15. Accounts receivable Liability

For each item, indicate whether it is an Income or an Expense. If it is neither income nor expense, write its
proper classification.

1. Rent revenue Income

2. Rent payable   Expense

3. Salaries of employees   Expense

4. Sales Income 

5. Light, water, and electricity Expense 

6. Loss from flood Expense 

7. Accumulated depreciation   Expense

8. Prepaid advertising   Expense

9. Delivery costs Expense 

10. Gain on sale of land   Income