.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
Q352: Which costing method assigns costs to activities?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q353: What is the main objective of an audit?
Bond
Debenture
Equity Share
Loan
Preference Share
Q354: Overhead costs are usually allocated based on:
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
