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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
Q457: The auditor’s report is addressed to:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q458: Which of the following is not a current asset?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q459: What is the main objective of an audit?
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
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