Unit 20 Reading Activities Plus Questions

Read the following text and then complete the activities that follow.
US
UK

Slang

{In the offices of a small accounting practice}

Mark (supervisor): Morning James.

James: Morning boss

Mark: How is it going with the tax return for KPL?

James: I have almost finished, but most of the supporting documents were PBC, so they really need to be double-checked before we can submit the return.

Mark: I don't know why they bother with those reports. Each year I tell them that it would be easier if we prepared them ourselves. I mean they have no idea on what they are doing with them!.

…

SORRY, BUT YOUR FREE VIEWS HAVE RUN OUT!

Create a free account to continue or login

"We hope you have noticed that this site is not like the others. It is free from advertising, spyware, and annoying clickbait. Therefore, we rely 100% on our user base for financial support. In fact, this site would not exist without the support of our hundreds of loyal subscribers. Your support begins with a free registration. Thank you."

Not convinced? Read our About us or Clients pages for more info, including testimonials, case studies, and more.

Quiz: Reading Questions
1. When documents are PBC, understanding them is like herding cats and the client is not always in the ballpark with forecasts and budgets, not to mention that sometimes accountants hold fire for missing documents.
2. Cooking the books, using loopholes, and preparing everything above board and in the back door are good accounting practices.
3. “Blowing an investment budget by the close of play thinking it was a bull market” means investing all your money before the end of the day because the market is on the rise.
Please register and/or login to answer these questions.