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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
Q322: What is the main objective of an audit?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q323: The time value of money means:
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q324: Overhead costs are usually allocated based on:
Bond
Debenture
Equity Share
Loan
Preference Share
