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Acounting & Finance

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

Q301: The time value of money means:

To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR

Q302: Tax evasion is:

Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts

Q303: Which of the following is a fixed cost?

Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts

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