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Business English Exercises
 

Income Statements

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Home > Teaching Business English > Business English Lessons, Advanced Level # 69
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income statements question 1
The statement of income and expenses reports the company's income and expenses for the time period: it is also called a .........-and-loss statement.


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501 Business English Exercises — Printable, photocopiable.
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income statements question 2
The first item on the statement is the total amount of sales of products or services; this is often referred to as ......... sales.


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income statements question 3
The main deduction from this revenue is called ......... of sales, the amount of money the company spent to produce the same goods or services.


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income statements question 4
The next deduction is ......... expenses — for example, administrative salaries and research costs, which do not vary directly with production.


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income statements question 5
Depreciation expenses the wear and ......... on assets like machinery, equipment and furnishings.


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income statements question 6
The depreciation charge for using these assets during the accounting period is a ......... of their original cost.


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income statements question 7
......... income is the money that the company earns by keeping its cash in savings accounts, term deposits, etc.


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income statements question 8
Finally, ......... tax is deducted.


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income statements question 9
The final entry is the ......... line, which represents net earnings of the company during the accounting period.


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income statements question 10
Additionally, ......... indicates how much shareholders would receive if the company distributed all of its net earnings as dividends.


income statements, answer 10 college english, eps vs gdp vs gnp vs vat

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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