Apr 14, 2016
- Complete the sentences below. Check the key words if necessary.
- Capital
key words
When people want to or start a company, they need money, called . Companies can this money, called a , from banks. The loan must be paid back with — the amount paid to borrow the money. Capital can also come from issuing shares or — certificates representing units of ownership of a company. The people who money in shares are called and they part of the company. The money they provide is known as . Individuals and financial institutions, called , can also money to companies by buying — loans that pay interest and are repaid at a fixed future date.
Money that is — that will have to be paid to other people or businesses is a . In accounting, companies' debts are usually called . Long-term liabilities include bonds. Short-term liabilities include debts to suppliers, who provide goods or services on — that will be paid for later.
The money that a business uses for everyday expenses is called working capital or .
Revenue
key words
All the money coming into a company during a given period is . Revenue minus the cost of sales and operating , such as rent and salaries, is known as , earnings or net income. The part of its profit that a company pays to its shareholders is a . Companies pay a proportion of their profits to the government as , to finance government spending. They also , or keep, some of their earnings for future use.
Financial statements
key words
Companies give information about their financial situation in . The shows the company's — the things it owns; its liabilities — the money it owes; and its capital. The shows the company's revenues and expenses during a particular period, such as three months or a year.
- Capital
- Complete the sentences with correct words.
- Small companies often try to get bank loans when they need to . . . money.
- borrow
- endow
- invest
- We don't have sufficient . . . to build a completely new factory.
- valuables
- supplies
- funds
- Details of a company's liabilities are shown on the . . . .
- balance
- remainder
- ballast
- We're going to raise more money by selling new shares to our existing . . . .
- shareholders
- stockholders
- lenders
- creditors
- We had to raise $50,000 . . . in order to start the business.
- capital
- metropolis
- interest
- We're going to pay back some of the people who lent us money, and reduce our . . . .
- debt
- pledge
- loan
- I decided to buy a $10,000 . . . instead of shares, as it's probably safer.
- book
- bond
- partnership
- Another term for profit is net . . . .
- income
- salary
- expenditure
- I think this is a good investment: it pays 8% . . . .
- attention
- interest
- concern
- When they saw our financial statements, the bank refused to . . . us any more money.
- supply
- lend
- borrow
- Profit is the difference between revenue and . . . .
- expenses
- prices
- losses
- The profit and . . . account shows if a company is receiving more money than its spending.
- gain
- loss
- deficit
- If you don't like taking risks, you should only . . . in very successful companies.
- invest
- sell
- grant
- A company's retained earnings belong to its . . . .
- homeowners
- owners
- inspectors
- Anything a company uses to produce goods or services is an . . . .
- asset
- benefit
- liability
- The company made such a big profit, I expected a higher . . . .
- recommendation
- dividend
- portion
- We sold a lot more last year, so our . . . went up.
- income
- revenue
- expenditure
- We . . . our suppliers $100,000 for goods bought on credit.
- have
- owe
- lend
- Everyone who buys a share . . . part of the company.
- occupies
- loses
- owns
- Thirty per cent of our profits goes straight to the government in . . . .
- rebate
- aid
- tax
- Small companies often try to get bank loans when they need to . . . money.
© 2020 DrillPal.com