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Vocabulary --> Word review #5 Lesson 21-25 Financing and Budgeting

I. Choose the word that best completes the sentence:


1. Every month my automatic car loan payment shows up as a ............... on my monthly statement.
A. deduction
B. deducted
C. deduct
D. deducting
Explain:


2. There is a counter in the bank lobby where customers can ............... their documents.
A. signature
B. signing
C. signed
D. sign
Explain:


3. We didn′t know we had to claim the interest from our savings account and were ............... for the error.
A. penalize
B. penalizing
C. penalty
D. penalized
Explain:


4. The firm′s ............... studied finance and business administration.
A. accounted
B. account
C. accounting
D. accountant
Explain:


5. All the employees will benefit if the company′s ............... continue to increase.
A. profits
B. profitable
C. profitably
D. profited
Explain:



II. Choose the word or phrase that best completes the blanks:

Wilson and Jones, Ltd. Accountants
We specialize in small businesses.
Are you having trouble reconciling your accounts? Do you need to improve your tax situation? Do you want to get out of debt and make your business (1)...............?
Wilson & Jones, Ltd., is a full-service accounting firm that can help small business owners like you with all aspects of your accounts. Our budget planning service will help you pay off (2)............... debts so that you can start accumulating savings. Our tax service provides tax planning assistance, tax return preparation, and preparation for audits. Our bookkeeping service guarantees that your accounts are always up to date. Call us today for an appointment. You'll be out of the red and free of (3)............... tomorrow.


1.
A. profitable
B. profiting
C. profiteer
D. profitably
Explain:


2.
A. client
B. budget
C. turnover
D. outstanding
Explain:


3.
A. debit
B. doubt
C. debate
D. debt
Explain:
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