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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
Q583: What is the primary purpose of financial statements?
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q584: What does ROI stand for in finance?
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
Q585: The auditor’s report is addressed to:
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
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