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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
Q361: Which of the following is not an audit evidence technique?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q362: Which statement shows the financial position of a company at a point in time?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q363: Internal audit is primarily concerned with:
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
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