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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
Q520: Which costing method assigns costs to activities?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q521: Which of the following is a liability account?
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
Q522: Which statement shows the financial position of a company at a point in time?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
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