Samarkand iktisodiyot va servis instituti

Exercise 1. Complete the sentences referring to the information from the text.

1. A balance sheet is … .
2. A balance sheet is made up … .
3. The list of labeled assets includes … .
4. The company lists its liabilities … .
5. A book value shows … .

Exercise 2. Give the right answer.

1. What happens to shareholders when the liabilities of the company exceed the level of its assets?
a) They become happy.
b) They become rich.
c) They become nervous.
2. Do shareholders support the company if it declares bankruptcy?
a) Yes, they do.
b) No, they don’t want to be around on this day.
c) They are waiting when the company starts a new business.
3. How often is the company’s accounting published?
a) Twice a week.
b) Monthly.
c) Once a year.

Exercise 3. Match the synonyms.

1. list a. situation
2. position b. borrowings
3. cash c. stand
4. assets d. sheet
5. claim e. proprietor
6. loan f. money
7. owners g. requirement
h. side
i. property
k. level

Exercise 4. From the words listed below choose economic terms:

Assets, liability, sheet, snapshot, cash, equipment, loan, equity, bankruptcy, health, property, debt, claim, accounting, stand, creditors, balance, shareholder, borrowings, summary, truck, entrepreneur.

LANGUAGE ACTIVITY

Exercise 1. Insert prepositions (from, at, in, to , by, on).

1. A balance sheet of any company consists of its assets plus cash … hand.
2. A balance sheet consists of two lists placed side … side.
3. The shareholders looked … the balance sheet to see what really belongs … them.
4. I think you should stay … business.
5. It is very bad when loans … banks exceed the level of a company’s assets.

Exercise 2. Translate sentences paying attention to the Passive voice of the predicates.

a)
1. Some basic documents were required for exports and imports.
2. Payment foreign trade may be made in cash or on contract.
3. The importance of cash flow has already been recognized by all economists.
4. National wealth could be determined by looking at its people.
5. International trade terms are widely used throughout the world.
6. Accountings will be published once a year.
b)
1. The price of a house depends on the material it is constructed of.
2. Payment by the letter of credit is referred to as most secure.
3. The manager director was sent for as he was the only one to help us.
4. Our balance sheet is being looked through attentively now.
5. Trade in services has not been looked on as profitable for us.
6. Our economists’ propositions will be spoken about at the next meeting.
c)
1. I was given a valuable advice of an expert in economy.
2. Small businesses are affected by the problem of effective distribution of goods.
3. You will be helped by your friends to prevent the bankruptcy.
4. The visitors were asked to enter the office.
5. The economic difficulties of today are being influenced by political situation.
6. The firm has been offered rather profitable interest rate recently.