duminalarisa

09.06.2021 20:58

Английский язык

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2. Complete the text using the words in the box.

owns cash held at bank assets liabilities
cash depreciation valuation owes
lists balance sheet draw up statement
scrap debtors

Every year a business will(l) … a (2) … to see how it stands financially. This document consists of two (3) … and is called a (4) … . One list will contain all the things the business (5) … . These are its (6) … . The other list consists of the things the business (7) … and these are its (8) … . Every item has to be valued. One item will be the amount of (9) … the business has on its premises and another will be the amount standing on the bank account. This is called (10) … . Some items can be valued exactly but others can only be given an approximate (11) … . Machinery or equipment, for example, suffers from 'wear and tear' and gradually loses its value. This process of losing value is assumed over a period of time and is called (12) … . When these items are sold, the price is referred to as its (13) … value. Other assets include (14) … . This item is the total amount owed by customers