4. BOOKKEEPING PROFESSIONAL ENGLISH IN USE FOR FINANCE

 

PROFESSIONAL ENGLISH IN USE FOR FINANCE 4. BOOKKEEPING

 

A Double-entry bookkeeping Zaheer Younis works in the accounting department of a trading company. B Day books and ledgers “For accounts with a large number of transactions, like purchases and sales, companies often record transactions in day books or journals, and then put a daily or weekly summary in the main double-entry records. C Balancing the books EXERCISES 4.1 Match the words in the box with the definitions below. Look at A and B opposite to help you. credit ledger debit creditors stock debtors   1 an amount entered o, recording money paid outn the left-hand side of an account 2 a book of accounts 4.2 Complete the sentences. Look at A, B and C opposite to help you. 1 ___________ ___________ shows where money comes from and where it goes: it is always transferred from one ___________ to another one. Every event is entered twice – once as a credit and once as a ___________. 2 Most businesses record very frequent or numerous transactions in ___________ ___________ or ___________. 4.3 Complete the sentences using ‘debit’ or ‘credit’. Look at A opposite to help you.

ANSWER KEY

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