# Finance & Accounting Intermediate

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

- CEFR: B1 (Intermediate)
- Theme: Professional & Specialized
- Words: 14
- Premium: no
- Locked: no

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

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## 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**.”

## Related

- Vocabulary library: https://hienglishquiz.com/vocabulary
- Section guide: https://hienglishquiz.com/vocabulary/llms.txt