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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
Q337: Which tax is charged directly on income?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q338: Which of the following is a liability account?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q339: Which statement shows the financial position of a company at a point in time?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
