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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
Q343: Which of the following is tax deductible for a business?
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q344: Which ratio measures a company's ability to meet short-term obligations?
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q345: Which costing method assigns costs to activities?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
