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Business English Exercises
 

Accounting terms

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 All tests  TOP 100  Forum  Dictionaries Which account do you assign? (Accounting terms)
accounting terms answer 1
The customary manner in which a business analyzes and records its transactions is by first entering them into a journal.

Correct answer: (a) transactions

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accounting terms, question 1 accounting terms, english resources, what does transactions mean? what is the definition for transactions?

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 vocabulary building: verb noun adjective list gre vocabulary test Ask a Teacher
accounting terms answer 2
Journal entries are entered in chronological order, meaning by date, with the earliest date first.

Correct answer: (c) chronological

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 free word games online: verbs nouns adjectives game free gre test what percentage/formula is used for the employer when figuring the employers FICA
accounting terms answer 3
Once the transactions have been entered into the journal they are posted or transferred into their individual General Ledger accounts.

Correct answer: (d) posted

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accounting terms, question 3 english beginner, what does posted mean? what is the definition for posted?

501 Business English Exercises — Printable, photocopiable.
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 meaning of fleece, anticlimax, chastise, pillage, monumental, girth word Net Assets used in sentences
accounting terms answer 4
All assets increase with a debit entry and decrease with a credit entry.

Correct answer: (c) assets

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 pimsleur italian liability is not a debit or credit
accounting terms answer 5
Liabilities either have a credit or no balance at all.

Correct answer: (b) balance

Meaning of business term balance
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accounting terms, question 5 ielts practice, what does balance mean? what is the definition for balance?

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 vocabulary tests: noun adjective preffix verb test meaning of "capital account"
accounting terms answer 6
Capital accounts represent the owner's net worth in the business.

Correct answer: (d) net

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accounting terms, question 6 accounting terms, english sentences, what does net mean? what is the definition for net?

 free online word games: noun adjective verb game pcat preparation test meaning of set of books in accounting terms
accounting terms answer 7
revenue accounts are accounts for your sources of business-generated income.

Correct answer: (b) revenue

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accounting terms, question 7 sentences practice, what does revenue mean? what is the definition for revenue?

 meaning of levitra, filter, isobaric, peri-, kinetic energy, tricuspid The meaning of markup in this sentence?
accounting terms answer 8
The markup is the difference between what a business pays for an item wholesale and what the business sells it for retail.

Correct answer: (a) markup

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accounting terms, question 8 english course, what does markup mean? what is the definition for markup?

 gre score 1340 ... need help Phrase: how much you owe each of your vendors
accounting terms answer 9
An accounts payable ledger shows how much you owe each of your vendors.

Correct answer: (c) ledger

Meaning of business term ledger
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accounting terms, question 9 english verb, what does ledger mean? what is the definition for ledger?

 exclude vs. eliminate Meaning of owe
accounting terms answer 10
Accounts receivable shows how much money your customers owe you.

Correct answer: (b) receivable

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accounting terms, question 10 conversation practice, what does receivable mean? what is the definition for receivable?

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