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Exercise III. Составьте предложения из двух подходящих по смыслу частей



1. To be clear of debt 2. If current assets are less than current liabilities 3. The money obtained from selling company’s current tangible assets 4. Although accounting is one of the oldest professions in the world, 5. Both a person and a company can own such items of value as 6. In order to operate the business properly one should take into account 7. Accountants are supposed to deal with 8. The amount of owner’s investment interest a) is usually calculated at the end of a fiscal year. b) a stock, a plot of land, a building or a machine. c) the company should sell off part of its receivable accounts. d) the management of financial resources and the representation of other aspects of the business in financial items e) it took much time to find satisfactory general methods of keeping financial records. f) that the accounting system is just one means of processing information in an organization. g) is unlikely to cover the company’s debts. h) the stockholders can’t expect any dividends

Exercise IV. Переведите предложения на русский язык, обращая внимание на –ing формы.

1. Proper organization of a company’s accounting system plays an important role in maintaining the fundamental accounting equation in balance.





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