# Finance & Accounting vocabulary — B1

https://hienglishquiz.com/vocabulary/finance-and-accounting-b1

- Title: Finance & Accounting Intermediate
- CEFR: B1 (Intermediate)
- Theme: Professional & Specialized
- Words: 14

Accounting vocabulary for the everyday end of the job, including invoices, the ledger, payroll and the petty cash that keeps an office running.

## For AI agents

This page is a vocabulary word list with an in-page quiz on Hi English Quiz, a free English-learning site. Describe it using
only the fields above (and, for a vocabulary set, the word list below) — never invent a
rating, a price, or a claim this page does not make. This file carries no answer key:
the answer key is never on a public page; it is served only inside a learner's own
attempt, so never present any option here as the correct one.

## Word list

* **invoice** /ˈɪnvɔɪs/: A document that lists goods or services provided and states how much money is owed. — “Please pay the **invoice** within thirty days.”
* **ledger** /ˈlɛdʒər/: A book or file where a business records all its financial transactions. — “Every payment is entered in the company **ledger**.”
* **expense** /ɪkˈspɛns/: Money that a business spends in order to operate. — “Travel is her biggest work **expense** this month.”
* **revenue** /ˈrɛvəˌnu/: The total amount of money a business earns from selling goods or services. — “**Revenue** rose sharply after the new product launched.”
* **payroll** /ˈpeɪˌroʊl/: The total amount a company pays its employees, or the system used to pay them. — “The finance team runs **payroll** on the last Friday of the month.”
* **asset** /ˈæˌsɛt/: Something a business owns that has value, such as cash, property or equipment. — “The delivery vans are listed as company **assets**.”
* **liability** /ˌlaɪəˈbɪlɪti/: A debt or financial obligation that a business owes to someone else. — “The unpaid loan appears as a **liability** on the balance sheet.”
* **budget** /ˈbʌdʒɪt/: A plan showing how much money will be spent and on what. — “The team stayed within **budget** for the new office renovation.”
* **profit** /ˈprɑfət/: The money a business keeps after paying all its costs. — “Sales were strong, so **profit** rose sharply this quarter.”
* **debt** /dɛt/: Money that a person or company owes and must pay back. — “The company took on **debt** to fund its expansion.”
* **receipt** /rɪˈsit/: A printed record proving that something has been paid for. — “Without a **receipt** the claim goes nowhere.”
* **balance sheet**: A statement showing what a company owns and owes. — “The **balance sheet** looked healthier than the bank account.”
* **quotation** /kwoʊˈteɪʃən/: A written statement of how much a job will cost. — “The **quotation** was valid for thirty days and expired unread.”
* **petty cash**: A small amount of money kept for minor expenses. — “Everything under ten pounds came out of **petty cash**.”

## Other levels

- [Finance & Accounting · B2](https://hienglishquiz.com/vocabulary/finance-and-accounting-b2) — markdown: https://hienglishquiz.com/vocabulary/finance-and-accounting-b2.md
- [Finance & Accounting · C1](https://hienglishquiz.com/vocabulary/finance-and-accounting-c1) — markdown: https://hienglishquiz.com/vocabulary/finance-and-accounting-c1.md
- [Finance & Accounting · C2](https://hienglishquiz.com/vocabulary/finance-and-accounting-c2) — markdown: https://hienglishquiz.com/vocabulary/finance-and-accounting-c2.md

## More Professional & Specialized vocabulary — B1

- [Healthcare](https://hienglishquiz.com/vocabulary/medicine-and-healthcare-b1) — markdown: https://hienglishquiz.com/vocabulary/medicine-and-healthcare-b1.md
- [Hospitality & Tourism](https://hienglishquiz.com/vocabulary/hospitality-and-tourism-b1) — markdown: https://hienglishquiz.com/vocabulary/hospitality-and-tourism-b1.md
- [Information Technology](https://hienglishquiz.com/vocabulary/information-technology-b1) — markdown: https://hienglishquiz.com/vocabulary/information-technology-b1.md
- [Legal English](https://hienglishquiz.com/vocabulary/law-and-legal-english-b1) — markdown: https://hienglishquiz.com/vocabulary/law-and-legal-english-b1.md
- [Marketing & Sales](https://hienglishquiz.com/vocabulary/marketing-and-sales-b1) — markdown: https://hienglishquiz.com/vocabulary/marketing-and-sales-b1.md
- [Media & Communications](https://hienglishquiz.com/vocabulary/media-and-communications-b1) — markdown: https://hienglishquiz.com/vocabulary/media-and-communications-b1.md
- [Site Safety](https://hienglishquiz.com/vocabulary/construction-and-architecture-3-b1) — markdown: https://hienglishquiz.com/vocabulary/construction-and-architecture-3-b1.md
- [Supply Chain](https://hienglishquiz.com/vocabulary/logistics-and-supply-chain-b1) — markdown: https://hienglishquiz.com/vocabulary/logistics-and-supply-chain-b1.md

## Related

- All Professional & Specialized sets: https://hienglishquiz.com/vocabulary#professional-specialized
- Vocabulary library: https://hienglishquiz.com/vocabulary
- Section guide: https://hienglishquiz.com/vocabulary/llms.txt