B.

VOCABULARY EXERCISES
Ex1:
1. Own
2. Depreciation / written off /amortization
3. Receivable / payable
4. Inventory
5. Leverage
Ex2:
1. variable costs
2. direct costs
3. fixed costs
4. operating costs
5. fixed costs
6. capital expenditure
7. marginal costs

D.READING COMPREHENSION EXERCISES

1. T
2. F
3. T
4. T
5. F
6. F
7. T
8. F
9. T
10. F
E.FOLLOW-UP EXERCISES
Companies are required by law to give their shareholders certain financial
information. Most companies include three financial statements in their annual
reports.The profit and loss account shows revenue and expenditure. It gives figures
for total sales or turnover , and for costs and overheads. It lists the company's
assets, its liabilities, and shareholders' funds. A business's assets consist of its cash
investments and property , and debtors -amounts of money owed by customers for
goods or services purchased on credit.
F.EXTENTION ACTIVITIES
Preparation of Accounts Profit and loss account Balance sheet
Account Payable Cost of goods Ledger
Current assets Operating expenses Invoice
Shareholder’s equity EBITDA Trial balance