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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
Q334: Which of the following is a fixed cost?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q335: Tax evasion is:
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q336: VAT is an example of:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
