Business English Vocabulary

Balance Sheet Entries - Business English Vocabulary Exercise

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There are a number of essential business entries used on a balance sheet. Use the words listed below to decide which type of entry fits the definition. Once you have chosen your answers, click on the arrow to see if you have answered correctly.

fixed assets dividend liabilities current assets fixed assets intangible assents depreciation overdraft liquidity

Any assets which can be used to make immediate payments	-- liquidity
Patents, ideas, trade marks, licenses	-- intangible assets
Payments made to shareholders based on company profits	-- dividend
Costs and money owed	-- liabilities
Investments, bank deposits, stock, etc. that can be easily converted into cash	-- liquid assets
Total amount borrowed from a given bank	-- overdraft
Equipment and other assets which generally loses value over time	-- depreciation
Property, equipment currently owned and not intended for sale	-- current assets