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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.
2. A plan of expected income and expenditure for a particular period of time.
3. The total of separate budgets from different departments within a company.
4. The people who control a company.
5. The period used by companies and governments for accounting and tax purposes.
6. A detailed inspection of the accounts of an organization by a professionally trained person.
7. A report showing profit and loss for a business or institution.
8. The books, files or computer records where a company's accounts are kept.
9. An audit carried out by a person not employed by the company.
10. An aim or target.
11. A statement about what one thinks will happen in the future.
12. The amount of work to be done.
13. A specialized branch of accounting that deals with government agencies.
14. The recording of all money received into and paid out of a company in a book or on a computer file.
15. Dismissing a worker for a period of time.
16. The person appointed by the court to close a company and dispose of its assets.
17. A person or an organization that you owe money to.
18. To be unable to pay your debts.
19. To become bankrupt.
20. A reduction in the amount or quality of something.
Unit VI money and banking Lesson 1 Text: Money and its Functions Grammar: Progress Test IV (Modal Verbs)
Terms to remember:
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