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3. Find the answers to the questions.

1. Who checked the meticulous records kept by Egyptian bookkeepers?

2. How did Egyptians treat gold and silver?

3. How was accounting used in Pre-Christian China?

4. What was the most important Greek contribution to accountancy?

5. Whom was the Roman treasury personally supervised by?

6. What was the most vivid accounting innovation in ancient Rome?

4. Match the word to its definition.

1. treasury

a. a thing of value especially property that a person or company owns which can be used or sold to pay debts

2. liabilities

b. giving or receiving one thing in place of another

3. mutilation

c. the government department that controls public money

4. assets

d. damage by breaking, tearing or cutting off a necessary part

5. exchange

e. the amount of money that a person or company owns

5. Match the sentence beginnings to the sentence ends.

1. Egyptian accounting never progressed beyond simple list-making ...

2. Early accountants had good reason to be honest and accurate, because …

3. Household expenses were important in Rome because

4. The Roman empire concentrated real fiscal power in the emperor …

5. Treasury operations were completely overhauled …

a. … citizens were required to submit regular statements of assets and liabilities.

b. … when Augustus was the Roman Emperor.

c. … although such records were important, ancient.

d. …. irregularities were punishable by fine, mutilation or death.

e. … while the facade of republicanism was maintained.

6. Complete the sentences using the appropriate word from those given in brackets.

        1. Rulers could … early accountants for irregularities disclosed by royal audits. (punishable - punish - punishableness)

        2. In ancient Greece banking was only … (development - develop - developing)

        3. Citizens had to …taxes to royal treasury. (pay - payment - payable)

        4. Budget became a tool for … the Empire's diverse financial enterprises. (coordinate - coordinator - coordination)

        5. … was difficult when people could not describe all goods in terms of a single valuation measure. (accumulate - accumulative - accumulation)

7 . Imagine you are a goldsmith. It is your job to design a coin of your own. Draw the coin, compare it with your partner's. What are the differences between your coins? Ask and answer questions given below. Add your own questions.

1. What is it made of?

2. What is its value?

3. What country does it belong to?

4. What is its shape?

5. What is depicted on the face of the coin?

6. What is depicted on the reverse of the coin?