Unit II.

amount

approach

benefit

capacity

consumer

cost

decision

determine

entrepreneur

flexibility

investment

issue

labour force

objective

purchase

society

supply

Unit III

borrow

distribute

earn

entity

exceed

expand

expenses

growth

interest rates

reduce

rise

save

scarcity

surplus

Unit IV

account

advantage

agreement

allow

cheap

currency

disadvantage

encourage

expensive

flow

foreign

influence

insurance

invisible

joint venture

merge

owe

payment

produce

productivity

promote

protect

provide

raw material

relation

restrict

trade

visible

Chapter III

Unit I

advertising

be in charge of

board

division

executive

human resources

implement

promotion

share

shareholder

solve

subsidiary

supervise

turnover

workforce

Unit II

advertisement

agreement

association

debt

duty

elect

fee

liability

loss

manage

merchandise

owner

partnership

right

single proprietorship

Chapter IV

Unit I

bill

cash

commodity

deferred payment

discharge

employer

exchange

improve

lend

loan

medium

mortgage

outgoings

purpose

serve

social security

transaction

wage

waste

wealth

Unit II

accept

acquisition

circulation

charge

collateral

current account

discount rate

disclose

intermediary

lender of last resort

liquidity

own

retail

rate of interest

savings account

securities

Unit III

accumulate

authorization

clearing banks

engage in

equity

facility

goldsmith

maintain

merchant

monetary

overseas

overdraft

property

withdraw

Unit IV

application

checking account

condition

contribution

deposit account

free of charge

judge

requirement

target

term

traveller’s checks

valuables

Unit V

carry out

charter

conduct

divide

ensure

law

long-term

safety

short-term

source

Chapter V

Unit I

annual

assess

auditing

bookkeeping

deal

external

false

fraud

internal

process

purpose

reasonable

record

summarize

supplier

truth

Unit II

accounts payable

accounts receivable

assets

balance sheet sample

belong to

bond

cash flow statement

capital

intangible

inventories

liabilities

obligation

profit and loss account

retained earnings

shareholders’ equity

statement

tangible

Unit III

accrual basis method

affect

cash basis method

chart of accounts

double entry method

entry

equal

incur

inflow

outflow

revenue

Unit IV

applicant

apply for

assumption

chartered accountant

commitment

experience

match

public stock exchange

relevant

tax authority

Chapter VI

Unit I

capital gains

collect

corporation tax

direct tax

estate tax

evasion

excise tax (duty)

exemption

fixed rate

impose

indirect tax

inheritance tax

levy

sales tax

value added tax

yield