English in accounting
Test Your Accounting Knowledge!
Are you ready to evaluate your understanding of essential accounting terms and concepts? Take our quiz to enhance your knowledge and see how well you grasp the fundamentals of finance!
- 10 engaging multiple-choice questions
- Learn while you play
- Perfect for students and accounting enthusiasts
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology
Fixed assets
Capital expenditures
Acquisition
Amount paid before a good or service is actually received
Advise
Cash in transit
Advance
Manual checking and recording all the inventory that business currently has on its hand
Stocktaking control
Dispatching the goods
Livestock inventories
What is true about accrual?
It is estimated figure and is uncertain
It is a specific amount and is certain
What is true about provision?
It is estimated figure and is uncertain
It is a specific amount and is certain
Company’s financial obligations, like the money a business owes its suppliers, wages payable and loans owing, which can be found on a business’ balance sheet
Equity
Liabilities
Dividend
Assets with a physical form and that hold value
Tangible assets
Intangible assets
Liquid assets
Someone who is paid to work for someone else
Volunteer
Employee
Employer
List of a company's employees and the amount of money they are to be paid
Salary
Wage
Payroll
Decision by a company to accept that they will never recover a debt
Write-off
Adjustment
Deduction
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