.png)
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
Q349: Which instrument represents ownership in a company?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q350: The time value of money means:
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q351: Which concept requires accountants to record assets at cost?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
