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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
Q442: Which of the following is a fixed cost?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q443: Which of the following is tax deductible for a business?
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q444: Which concept requires accountants to record assets at cost?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
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