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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
Q403: Overhead costs are usually allocated based on:
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q404: Which of the following is a fixed cost?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q405: Which tax is charged directly on income?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
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