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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
Q49: Which of the following is a source of long-term finance?
Bond
Debenture
Equity Share
Loan
Preference Share
Q50: The auditor’s report is addressed to:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q51: Which tax is charged directly on income?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
