Your taskChoose the correct answer for each question.0 / 15 selectedYour score0 / 150%Keep practising! Review the explanations below and try again.1Most office employees receive their monthly ___ directly into their bank account on the last working day.Most office employees receive their monthly ___ directly into their bank account on the last working day.salarywageincomeearningsCorrect answer: salary2The finance team must approve any project ___ before departments can start spending.The finance team must approve any project ___ before departments can start spending.planestimatebudgetforecastCorrect answer: budget3After completing the installation, the contractor sent an ___ listing all services and their costs.After completing the installation, the contractor sent an ___ listing all services and their costs.receiptinvoicestatementvoucherCorrect answer: invoice4Customers who delay repayment may be required to pay ___ on the outstanding loan amount.Customers who delay repayment may be required to pay ___ on the outstanding loan amount.chargefeepremiuminterestCorrect answer: interest5The company secured a $100,000 bank ___ to purchase the new production equipment.The company secured a $100,000 bank ___ to purchase the new production equipment.loandebtcreditadvanceCorrect answer: loan6After paying all salaries and supplier costs, the company recorded a ___ of $25,000 last quarter.After paying all salaries and supplier costs, the company recorded a ___ of $25,000 last quarter.revenueincomeprofitturnoverCorrect answer: profit7Always keep your ___ as proof that the full payment has been made.Always keep your ___ as proof that the full payment has been made.invoicereceiptbillorderCorrect answer: receipt8The supplier offered a 15% ___ on all orders placed before the end of the financial year.The supplier offered a 15% ___ on all orders placed before the end of the financial year.discountreductionrebatedeductionCorrect answer: discount9To settle the invoice, please arrange a bank ___ to the account number printed on the document.To settle the invoice, please arrange a bank ___ to the account number printed on the document.paymenttransactiondeposittransferCorrect answer: transfer10The accountant checked the account ___ before authorising any further expenditure.The accountant checked the account ___ before authorising any further expenditure.totalamountbalancefigureCorrect answer: balance11Business travel is a legitimate ___ that employees can claim back from the company.Business travel is a legitimate ___ that employees can claim back from the company.costexpensechargeoutgoingCorrect answer: expense12All employees are legally required to pay income ___ on the money they earn each year.All employees are legally required to pay income ___ on the money they earn each year.dutylevytarifftaxCorrect answer: tax13Customers who receive damaged goods are entitled to a full ___ of the purchase price.Customers who receive damaged goods are entitled to a full ___ of the purchase price.refundreturnrebatereimbursementCorrect answer: refund14All ___ must be received within 30 days of the date shown on the invoice.All ___ must be received within 30 days of the date shown on the invoice.moneyfundsremittancespaymentsCorrect answer: payments15Customers can purchase the furniture on ___ and pay in equal monthly instalments over 24 months.Customers can purchase the furniture on ___ and pay in equal monthly instalments over 24 months.loandebtcredithireCorrect answer: creditCheck AnswersPlease select an answer for at least one question first.Found an error in this exercise? Let us know.