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Acounting & Finance
Accounting is the practice of recording, summarizing, and reporting financial transactions to provide information for decision-making, while finance is the management of money, including investing, budgeting, and forecasting.
Quiz Questions
Q298: Which of the following is a liability account?
Bond
Debenture
Equity Share
Loan
Preference Share
Q299: Which instrument represents ownership in a company?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q300: Which of the following is a liability account?
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
