Arwini pratiwi

1752132010

BE A

ACCOUNTING (Vocabulary Review 1)

A. Find the words in the right column that match the words closest in meaning in the left
column.

1. accrued a. a statement shows assets and liabilities of a company

2. advance b. person who invests money
3. assets c. shows a financial position of a company
4. balance sheet d. to whom money is owed
5. creditors e. something owed by an organization
6. depreciation f. referring to money or currency
7. financial statement g. transfer entries from journal to the ledger
8. going concern h. increase and be due for payment
9. investors i. something of value to an organization
10. liabilities j. money paid as part of a payment to be paid later
11. monetary k. reduction in value of assets
12. posting l. a company is working or making money

Write your answer here:

1 2 3 4 5 6 7 8 9 10 11 12
h j i c d k a l b e f g

B. Complete each of the following sentences with the words from the list.

a. accrued interest e. depreciation i. monetary m. blue chips

b. debit f. credit j. entered n. capital gain
c. fiscal period g. asset k. liability o. sell options
d. journal h. balance sheet l. ledger

1. Bookkeepers record every purchase and sale in JOURNAL

2. These temporary records are entered in or posted to the relevant account book called
LEDGER
3. BLUE CHIPS Bookkeeping records the dual effect of every transaction – a value
received and parted with.
4. A DEBIT is a payment made.
5. A CREDIT is a payment received.
6. Debits are ENTERED on the left-hand side.
7. The BALANCE SHEET lists assets and liabilities.
8. The directors feel that they can no longer afford the DEPRECIATION of the premises.
9. A twelve-month accounting period is also known as FISCAL PERIOD.
10. Anything of value or use to an organization is called ASSET
11. LIABILITY is an obligation that is owed by an organization.
12. To add or total the amount in a column is to CAPITAL GAIN
13. The ACCRUED INTEREST is added monthly to your saving account.
14. The MONETARY of the rupiah against the US dollar is increasing.
15. All business transactions must be recorded in SELL OPTIONS terms.