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Financial English Part 1

In financial English, the passive voice is used constantly in formal writing and reporting, often more than in everyday English. When you write "The invoice has been approved" or "Expenses are processed monthly", you sound professional and natural. Native speakers use it because it puts the focus on the action, not the person doing it. Try replacing active sentences in your next work email with passive ones and notice the difference in tone. One thing that trips up many learners is the difference between similar-sounding terms. Revenue is not the same as profit; a company can have high revenue and still make a loss if expenses are too high. And an invoice is not the same as a receipt; one requests payment, the other confirms it. Getting these distinctions right will immediately make you sound more confident in financial conversations.

1. The total income a company earns from its business activities is called its _______.

2. An _______ is sent to a client before payment and lists what is owed.

3. Everything a company owns, property, equipment, cash, is known as its _______.

4. A _______ is a document that shows a company's financial position at a specific point in time.

5. When expenses are higher than revenue, the company makes a _______.

6. Finance teams prepare a _______ at the start of each year to predict future revenue and expenses.

7. An invoice that has not yet been paid is called an _______ invoice.

8. The _______ reviewed all financial records to ensure accuracy and compliance.

9. All budget requests must be _______ by a senior manager before payment is processed.

10. Everything a company owes (e.g. loans, unpaid bills) is known as its _______.

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