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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
Q424: Direct materials are classified as:
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q425: Which statement shows the financial position of a company at a point in time?
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
Q426: The auditor’s report is addressed to:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
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