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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
Q436: VAT is an example of:
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q437: Which ratio measures a company's ability to meet short-term obligations?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q438: Which tax is charged directly on income?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
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