Головна Усі новини «Дебет-Кредит» Новини партнерів

Liabilities: перевір свою фінансову англійську

Продовжуємо вивчати лексику з "Practical Financial English". Цього разу пропонуємо Вашій увазі слова на тему пасивів (частини бухгалтерського балансу)

1. TASK: Insert the appropriate word in the text below:

Agreement – advance - as of – deliver – earn – іncome – loan

 owed – receipt - income statement – stipulate - store – wage 

 


 Liabilities

The balance sheet reports Direct Delivery's liabilities  _________ the date noted in the heading of the balance sheet. Liabilities are obligations of the company; they are amounts _________ to others as of the balance sheet date. Marilyn gives Joe some examples of liabilities: the _________ he received from his aunt (Notes Payable or Loan Payable), the interest on the loan he owes to his aunt (Interest Payable), the amount he owes to the supply _________ for items purchased on credit (Accounts Payable), the _________ he owes an employee but hasn't yet paid to him (Wages Payable).

Another liability is money received in _________ of actually earning the money. For example, suppose that Direct Delivery enters into an _________ with one of its customers _________ that the customer prepays $600 in return for the delivery of 30 parcels every month for 6 months. Assume Direct Delivery receives that $600 payment on December 1 for deliveries to be made between December 1 and May 31. Direct Delivery has a cash _________ of $600 on December 1, but it does not have revenues of $600 at this point. It will have revenues only when it _________ them by delivering the parcels. On December 1, Direct Delivery will show that its asset Cash increased by $600, but it will also have to show that it has a liability of $600. (It has the liability to deliver $600 of parcels within 6 months, or return the money.)

The liability account involved in the $600 received on December 1 is Unearned Revenue (or Deferred Revenues,Customer Deposits, etc.). Each month, as the 30 parcels are _________, Direct Delivery will be earning $100, and as a result, each month $100 moves from the account Unearned Revenue to Service Revenues. Each month Direct Delivery's liability decreases by $100 as it fulfills the agreement by delivering parcels and each month its revenues on the _________ _________ increase by $100.

 


2. CHECK YOUR SPEAKING 

 

agreement

[ əˈɡriːmənt ]

угода

advance

[ ədˈvɑːns ]

авансовий

as of

[ əz ]

за станом на

deliver

[ dɪˈlɪvə(r) ]

доставити

earn

[ ɜːn ]

заробляти

income

[ ˈɪnkʌm ]

дохід

loan

[ ləʊn ]

кредит

owed

[ əʊ ]

заборгований

receipt

[ rɪˈsiːt ]

квитанція

income statement

[ ˈsteɪtmənt ]

звіт про фінансовий результат

stipulate

[ ˈstɪp.jʊ.leɪt ]

обумовлювати

store

[ stɔː(r) ]

зберігати

wage

[ weɪdʒ ]

заробітна плата

 


3. SEE CORRECT ANSWER

[ Див. правильну відповідь ] 

Liabilities

The balance sheet reports Direct Delivery's liabilities as of the date noted in the heading of the balance sheet. Liabilities are obligations of the company; they are amounts owed to others as of the balance sheet date. Marilyn gives Joe some examples of liabilities: the loan he received from his aunt (Notes Payable or Loan Payable), the interest on the loan he owes to his aunt (Interest Payable), the amount he owes to the supply store for items purchased on credit (Accounts Payable), the wages he owes an employee but hasn't yet paid to him (Wages Payable).

Another liability is money received in advance of actually earning the money. For example, suppose that Direct Delivery enters into an agreement with one of its customers stipulating that the customer prepays $600 in return for the delivery of 30 parcels every month for 6 months. Assume Direct Delivery receives that $600 payment on December 1 for deliveries to be made between December 1 and May 31. Direct Delivery has a cash receipt of $600 on December 1, but it does not have revenues of $600 at this point. It will have revenues only when it earns them by delivering the parcels. On December 1, Direct Delivery will show that its asset Cash increased by $600, but it will also have to show that it has a liability of $600. (It has the liability to deliver $600 of parcels within 6 months, or return the money.)

The liability account involved in the $600 received on December 1 is Unearned Revenue (or Deferred Revenues,Customer Deposits, etc.). Each month, as the 30 parcels are delivered, Direct Delivery will be earning $100, and as a result, each month $100 moves from the account Unearned Revenue to Service Revenues. Each month Direct Delivery's liability decreases by $100 as it fulfills the agreement by delivering parcels and each month its revenues on the income statement increase by $100.

 


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Автор:
FBE School
Рубрика:
«Дебет-Кредит» / Новини партнерів
Теги:
financial english

Зверніть увагу: новинна стрічка «Дебету-Кредиту» містить не тільки редакційні матеріали, але також статті сторонніх авторів, роз'яснення співробітників фіскальної служби тощо.

Дані матеріали відображають виключно точку зору їх авторів і можуть не співпадати з точкою зору редакції.

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