Business English in EC Tool Box(Game-6) - Gomathi | Learn English at EnglishCafe

How to learn English?

This is a game for Business English using the EC Tool Box.

Please try to choose the correct word(given as bold letters) for the meanings given below.

Steps to follow:

i)Highlight and Choose the xxxxxxxxxx words to be corrected.

ii)Suggest the right word given in bold letters.

iii)Submit in EC Tool Box.

(audit, arbitration, accounts, above-the-line, accrual, amalgamation, auditor, asset, actuary, arrears, agent, actuals, accrual)

1)aaaaa- Those entries that appear above a horizontal line in a profit and loss account, which divides the entries that establish the P&L from the entries that indicate the distribution of profit.

2)bbbbbb- The financial statements of a company prepared from a system of recorded financial transactions.  They consist of a profit and loss account and the balance sheet of a company.

3)cccccc- An expense that is outstanding at the end of an accounting period and requires to be included in the accounts for the period.

4)dddddd- Commodities that can be bought and used rather than goods that are traded on the basis of a futures contract.

5)eeeeee- A trained statistician.

6)ffffff- A person appointed by the principal to act on his behalf in some capacity.

7)gggggg- The combination of two or more companies.

8)hhhhhh- A procedure for settling an industrial dispute in which a third party is called in to settle the dispute.

9)ppppppp- A debt that has not been settled by the due date.

10)qqqqqq - Property owned by a company or individual and has a monetary value.

11)rrrrrr - An independent examination of a company's financial statements by a qualified auditor.

12)ssssss -A professional accountant who is trained to conduct an independent assessment of the acccuracy and fairness of a company's financial statements, called an audit.