Translate the text from English into Russian. Learn the words by heart

Bookkeeping – бухгалтерия, счетоводство

Sales – товарооборот, объем продаж

Purchase – покупка, приобретение

Income – доход, прибыль

Payment – плата, взнос

Account - счет

Involve – вовлекать, касаться

financial transaction – финансовая операция

clerk - чиновник

receipt – квитанция, товарный чек

expense – расход, затрата

revenue – доход, выручка

debit - дебит

credit - кредит

Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process is usually performed by an accountant. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies. There are some common methods of bookkeeping such as the Single-entry bookkeeping system and the Double-entry bookkeeping system. But while these systems may be seen as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.

A bookkeeper (or book-keeper), also known as an accounting clerk or accounting technician, is a person who records the day-to-day financial transactions of an organization. A bookkeeper is usually responsible for writing the "daybooks." The daybooks consist of purchases, sales, receipts, and payments. The bookkeeper is responsible for ensuring all transactions are recorded in the correct day book, suppliers ledger, customer ledger and general ledger. The bookkeeper brings the books to the trial balance stage. An accountant may prepare the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper

Two common bookkeeping systems used by businesses and other organizations are the single-entry bookkeeping system and the double-entry bookkeeping system. Single-entry bookkeeping uses only income and expense accounts, recorded primarily in a revenue and expense journal. Single-entry bookkeeping is adequate for many small businesses. Double-entry bookkeeping requires posting (recording) each transaction twice, using debits and credits.

Find the words in the text which mean the following.

A thing constituting a piece of evidence about the past, especially an account kept in writing or some other permanent form; an instance of buying or selling something; acquire something by paying for it; make certain that something will occur; need for a particular purpose.

Ask five WH-questions to the text.

Insert the suitable word.

1. Bookkeeping is usually ……… by a bookkeeper.

2 There are some common ………. of bookkeeping.

3. Bookkeeper is a person who records the day-today …………. transactions of an organization.

4. An accountant may prepare the income ……………

5. Two common bookkeeping systems are the ………………. bookkeeping system and the …………. bookkeeping system.

Text 10. Economics