🔗 1. Financial Terminology Match
Match the **Financial Term** (Blue border) with its **Definition** (Gray border).
❓ 2. Usage Comprehension
Read the short sentences, then answer the questions to test your understanding.
1. If a company buys new equipment, the equipment is recorded on the balance sheet as an:
2. To determine if a business is successful, the owner will compare their revenue (sales) to their total:
3. A business creates a monthly **plan** to control how much money they spend on salaries and supplies. This plan is called a:
📝 3. Workplace 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 company's **total** was much higher this month due to strong holiday sales.
2. Before applying for a loan, we need to show the **bank** our , which lists our assets and liabilities.
3. Rent and utility bills are examples of , because they do not change based on how many products we sell.
4. We must track every carefully to prevent going over our annual budget.
🎯 4. Discussion & Practice
Use these questions to practice the new vocabulary in conversation.
- Can you give an example of a business **asset** and a **liability**?
- What is the difference between an **expenditure** and a **loss**?
- How often should a small business create a **budget**?
- Why is tracking every **transaction** important for bookkeeping?