English for Accounting

Choose the correct form of the verb to complete the sentence:

The financial statements (is/are) prepared at the end of the accounting period.

• is

• are

Select the appropriate preposition to fill in the blank:

The company is responsible (for/of) maintaining accurate records of its financial transactions.

• for

• of

Identify the correct form of the verb to complete the sentence:

The balance sheet, along with the income statement, (provides/provide) valuable insights into the company's financial health.

• provides

• provide

Choose the correct article to complete the sentence:

An accountant must have (a/an) understanding of basic accounting principles.

• a

• an

Select the correct tense of the verb to complete the sentence:

The financial report (was/is) submitted to the board of directors last week.

• was

• is

Choose the correct form of the verb to complete the sentence:

Accurate financial records (is/are) essential for decision-making.

• is

• are

Select the appropriate preposition to fill in the blank:

The auditor is responsible (for/of) ensuring compliance with accounting standards.

• for

• of

Identify the correct form of the verb to complete the sentence:

The cash flow statement (provides/provide) information about the company's cash inflows and outflows.

• provides

• provide

Choose the correct article to complete the sentence:

The company hired (a/an) experienced accountant to manage its finances.

• a

• an

Select the correct tense of the verb to complete the sentence:

The financial records (was/are) reviewed by the external auditor annually.

• was

• are