Choose the word or word combination to match the definition. 1. An accountant who has passed examinations required by the state licensing officials. a) government accountant b) private accountant c)

1. An accountant who has passed examinations required by the state licensing officials.

a) government accountant	b) private accountant
c) certified public accountant

 

2. A plan of expected income and expenditure for a particular period of time.

a) budget

b) business plan

c) forecast

 

3. The total of separate budgets from different departments within a company.

a) budget account

b) master budget

c) bargain

 

4. The people who control a company.

a) associates

b) assistants

c) management

 

5. The period used by companies and governments for accounting and tax purposes.

a) control device

b) fiscal year

c) accounting period

 

6. A detailed inspection of the accounts of an organization by a professionally trained person.

a) analysis

b) evaluation

c) audit

 

7. A report showing profit and loss for a business or institution.

a) creative accounting	b) financial statement
c) standard operating procedure

 

8. The books, files or computer records where a company's accounts are kept.

a) books

b) box files

c) recorded delivery

 

9. An audit carried out by a person not employed by the company.

a) interim audit

b) internal audit

c) external audit

 

10. An aim or target.

a) observation

b) objective

c) obligation

 

11. A statement about what one thinks will happen in the future.

a) forger

b) forfeit

c) forecast

 

12. The amount of work to be done.

a) work permit

b) work load

c) work release

 

13. A specialized branch of accounting that deals with government agencies.

a) creative accounting	b) governmental accounting
c) current cost accounting

 

14. The recording of all money received into and paid out of a company in a book or on a computer file.

a) bookkeeping

b) auditing

c) accounting

 

15. Dismissing a worker for a period of time.

a) mployment

b) e lay-off

c) sack

 

16. The person appointed by the court to close a company and dispose of its assets.

a) employer

b) creditor

c) liquidator

 

17. A person or an organization that you owe money to.

a) receiver

b) creditor

c) administrator

 

18. To be unable to pay your debts.

a) instalment

b) inefficient

c) insolvent

 

19. To become bankrupt.

a) go too far

b) go bust

c) rescue

 

20. A reduction in the amount or quality of something.

a) decline

b) growth

c) prosperity