🔗 1. Accounting Terminology Match
Match the **Accounting Term** (Blue border) with its **Definition** (Gray border).
❓ 2. Tax & Payroll Comprehension
Read the questions about common payroll forms and concepts, then choose the correct answer.
1. Which term refers to an employee's total wages **before** taxes and deductions are taken out?
2. In double-entry accounting, for every transaction, what two things must always have equal totals?
3. An **Audit** is performed by an external party mainly to verify the company's financial records are:
📝 3. Bookkeeping Sentence Completion
Click a **Word** in the bank to select it (it turns blue), then click the blank space () where you want to place it. Click a filled space to clear it.
Word Bank:
1. The bank **statement** and the general ledger must be checked for the monthly .
2. We must track all outstanding supplier bills in to ensure we pay them on time.
3. Every transaction must be formally recorded with a **dated** .
4. The external accounting firm is preparing to conduct the annual next week.
🎯 4. Discussion & Practice
Use these questions to practice the new vocabulary in conversation.
- How does **Depreciation** affect a company's taxes?
- What is the difference between a **General Ledger** and a **Trial Balance**?
- In your experience, what makes a **Reconciliation** challenging?
- What's the best way to handle an unexpected external **Audit**?