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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
Q472: Which of the following is not a current asset?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q473: Which concept requires accountants to record assets at cost?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q474: Direct materials are classified as:
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
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