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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
Q328: Which authority is responsible for collecting taxes?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q329: Which audit opinion is given when financial statements are fairly presented?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q330: Which of the following is a fixed cost?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
