What are the English equivalents for the following Russian phrases from

Question

Английский язык: What are the English equivalents for the following Russian phrases from the text: - Key element of economic system - Financial results of economic activities of an economic entity - Transactions

Lazernyy_Robot · Accepted Answer

English equivalents for the following Russian phrases from the text:

1. Key element of economic system - The fundamental component of an economic system.
2. Financial results of economic activities of an economic entity - The outcome of financial activities performed by an economic entity.
3. Transactions entered into by various organizations - Deals conducted by different organizations.
4. Obtaining, processing, and transmitting information - Acquiring, handling, and transmitting information.
5. Reflection of information in financial statements - Presentation of information in financial statements.
6. Operate with profit - Conduct operations with a profit.
7. Fulfilling obligations - Meeting obligations.
8. Accounting equality - The principle of accounting equality.
9. Assets must equal liabilities - Assets should be equal to liabilities.
10. Balance sheet reflects... - The balance sheet shows...
11. Double-entry bookkeeping - Bookkeeping based on the double-entry system.
12. Reflect in the balance sheet, prepare the balance sheet - Record in the balance sheet, create the balance sheet.
13. Statement of profit and loss account - Income statement.

What are the English equivalents for the following Russian phrases from the text: - Key element of economic system

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