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Lesson 59---BUSINESS VOCABULARY ACCCOUNTING AND FINANCE 1
Lesson 59: BUSINESS VOCABULARY ACCCOUNTING AND FINANCE 1
Vocabulary
account payable accounting principles cash flow excise duty fiscal year gross income income tax indirect tax inheritance tax inland revenue intangible assets ledger clerk management accountant national insurance personal allowance tax allowance tax inspector tax return trade creditor value added tax  

  
1.    Your  is the total amount of income on which you do not have to pay tax.
2.     is the amount of money received before taxes are paid.
3.     is the amount of money moving in and out of a company at a particular point in time.
4.     is raised on products such as tobacco and alcoholic drinks.
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5.     is paid to the government on goods and services and can be reclaimed by retailers.
6.     is paid in relation to how much you earn.
7.     is paid from money you have received from someone who has died.
8.     is charged on goods and services rather than on the money that people earn.
9.     can be turned into money only with difficulty such as copyright, trademark etc.
10.     are a dozen or so concepts, conventions or doctrines generally observed in accounting.
11.    In Britain,  is a system in which the money collected is given to people who are too old or ill to work.
12.    In Britain and New Zealand, the  is the government office which collects the main taxes.
13.    In a  you give information about what you earn every year.
14.    An  is a sum of money owed by a company such as an invoice received but not paid.
15.    A  is an amount of money that you can earn before you are taxed.
16.    A  is a person who writes accounts in the ledger.
17.    A  is a person who has supplied goods or services and is owed money for them.
18.    A  is a person who decides how much tax an individual should pay.
19.    A  is a person who advises companies on how to make a profit.
20.    A  is a period of twelve month arbitrarily chosen for tax purposes.

idioms/vocabulary

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