English in accounting

A modern office environment with accounting books, a laptop displaying financial graphs, and a calculator on a desk, showcasing a theme of finance and 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

10 Questions2 MinutesCreated by LearningLedger2023

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

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

English in accounting

Test Your Accounting Knowledge!

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