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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
Q364: Which statement shows the financial position of a company at a point in time?
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
Q365: Direct materials are classified as:
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q366: What is the main objective of an audit?
Bond
Debenture
Equity Share
Loan
Preference Share
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