C, 2e, 3a, 4b, 5d

do an audit

establish rules

follow rules

make rules

set rules

apply standards

establish standards

use standards

record transactions

summarize transactions

4.

1 b, 2 e, 3 a, 4 f, 5 c, 6 i, 7 h, 8 d (also known as a cash dispenser, cash machine and "hole-in-the-wall"), 9 g

5. (from left to right): payee, logo, amount in words, amount in figures;

cheque number, sort code, account number, signature

Bookkeeping

1.

1. debit

2. ledger

3. debtors

4. credit

5. stock

6. creditors

2.

1. double-entry bookkeeping, account, debit

2. day books, jornals

3. nominal ledgers, bought ledger

4. trial balance

3.

1. debit

2. credit

3. debit, credit

4. credit, debit.

Auditing

1.

1.d, 2c, 3a, 4b.

2.

check accounts

check stock take

check systems of controls

comply with laws

comply with policies

comply with procedures

comply with regulations

examine accounts

examine systems of control

give advice

give opinions

3.

The balance sheet 1

1.

1.true

2. false

3. true

4. true

5. false

6. true

2.

1.Suppliers

2.retained earnings

3. assets

4.liabilities

5.shareholders’ equity

3.

distribute profits

grant credit

owe money

pay liabilities

retain earnings

1.retain, earnings, distribute, profits

2.owe money, grant, credit

3. liabilities, pay.

The balance sheet 2: assets

1.

1. bad debt 6. trade mark

2. net worth/net assets 7. write off

3. patent 8. to make provisions

4. net book value 9. Work-in-progress

5. goodwill 10. Debtors / accounts receivable

2.

1e, 2b, 3a, 4f, 5d, 6c

3.

Current assets: cash in the bank, debtors, stock

Fixed assets: buildings, land, investments

Intangible assets: goodwill, human capital, reputation

The balance sheet 3: liabilities

1.

1. false

2. true

3. true

4. true

5. false

6. true

2.

1. current liabilies

2. share premium

3. deferred

4. accrued

3.

Assets: Accounts receivable, Cash and equivalents, Inventory, Investments, Land and buildings

Liabilities: Accounts payable, Accrued expenses, Dferred taxes, Dividents, Long-term debt.