BANKING

TAKE ONE WORD FROM THE LEFT-HAND COLUMN AND ONE FROM THE RIGHT TO COMPLETE EACH OF THE FOLLOWING SENTENCES.

ACCOUNT-BANK (2)-BASE-CENTRAL-CHEQUE-OVERDRAFT-SORT-STANDING-WITHDRAW-BANK-BOOK-CASH-CARGES-CODE-FACILITY-NUMBER-ORDER-RATE
STATEMENT

1. All correspondence with the bank must include the company ACCOUNT NUMBER.
2. The company CHEQUE BOOK should be kept in a safe place when not being used.
3. The office needed money, so had to WITHDRAW CASH from the account.
4. Each branch of the bank has its own unique SORT CODE.
5. The bank will set BANK CHARGES wich are payable for each transaction carried out by the bank.
6. Interest rates are calculated as a small percentage above BASE RATE.
7. The CENTRAL BANK in Britain is the Bank of England and in Germany it’s the Bundesbank.
8. The bank can be asked to pay the rent for the building automatically every month by STANDING ORDER.
9. The BANK STATEMENT each month lists all the money which has gone into and out of the account.
10. The company has negotiated an OVERDRAFT FACILITY which allows them to spend more than they actually have in the account.

SOURCE: POHL ALISON, PROFESSIONAL ENGLISH: ACCOUNTING, LESSON 10(SECTION 2: FUNDAMENTALS OF FINANCIAL ACCOUNTING)
REFLEXION: IN THIS ACTIVITY I DID LEARN A LESS MORE ABOUT VOCABULARY FOR MY MAJOR OF ACCOUNTING. IT WILL BE USED FOR ME AFTER.