1. TASK: Insert the appropriate word in the text below:
Conversely – charge - checking account - рuzzling – similarly - yet
Bank's Debits and Credits
When you hear your banker say, "I'll credit your _________ account," it means the transaction will increase your checking account balance. _________, if your bank debits your account (e.g., takes a monthly service _________ from your account) your checking account balance decreases.
If you are new to the study of debits and credits in accounting, this may seem _________. After all, you learned that debiting the Cash account in the general ledger increases its balance, _________ your bank says it is crediting your checking account to increase its balance. _________, you learned that crediting the Cash account in the general ledger reduces its balance, yet your bank says it is debiting your checking account to reduce its balance.
2. CHECK YOUR SPEAKING
|
conversely |
[ ˈkɒnvəːsli ] |
навпаки |
|
charge |
[ tʃɑːdʒ ] |
плата |
|
checking account |
[ tʃek ] |
поточний рахунок |
|
puzzling |
[ ˈpʌz.l̩.ɪŋ ] |
спантеличений |
|
similarly |
[ ˈsɪmələli ] |
за аналогією |
|
yet |
[ jet ] |
но |
3. SEE CORRECT ANSWER
Bank's Debits and Credits
When you hear your banker say, "I'll credit your checking account," it means the transaction will increase your checking account balance. Conversely, if your bank debits your account (e.g., takes a monthly service charge from your account) your checking account balance decreases.
If you are new to the study of debits and credits in accounting, this may seem puzzling. After all, you learned that debiting the Cash account in the general ledger increases its balance, yet your bank says it is crediting your checking account to increase its balance. Similarly, you learned that crediting the Cash account in the general ledger reduces its balance, yet your bank says it is debiting your checking account to reduce its balance.
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в підручнику “Practical Financial English”
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