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ACCOUNTING
II. Read the financial data produced by British Airways and mark the following statements T
(true) or F (false) according to the information given.
IV. Fill in the gaps with suitable words from the list given:
V. Use the word in capital letters to form a word which fits in the blank space:
1. Wages are earnings which are calculated and paid . WEEK
2. The contains details of all the employees who work for the company. PAY
3. The employer makes a for tax from the workers gross salary. DEDUCT
4. They receive an increase each year as they are paid an .salary. INCREMENT
5. Its not always possible to calculate product costs . ACCURATE
6. Management may want to expand the sales of more products. PROFIT
7. Operating costing is the way of calculating the cost of the .of services. PROVIDE
8. The disposal of waste might incur .. . EXPEND
9. Some costs may be by the sale of scrap. RECOVER
10. ..may be possible on some products which fail quality control. RECTIFY
1. How do you account for the sudden fall in the stock value? a. people say;
2. Agents buy and sell goods on their own account. b. report;
3. They gave the solicitor a detailed account of the customers business c. under no
deals in the last year. circumstances;
4. The draft accounts had to be adjusted on account of the discovery that a d. consider;
major debtor had gone bankrupt.
5. Raw materials account for 30% of the manufacturing costs. e. explain;
6. They are regular customers in this shop and are now able to buy on f. big customers;
account.
7. On no account should these figures be released before the board g. for themselves;
meeting.
8. When making decisions for the future, managers have to take this years h. because of;
poor performance into account.
9. By all accounts, they will benefit greatly if the deal goes through. i. on credit;
10. The advertising company has won two new accounts in South Africa. j. represent.