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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
Q595: Which of the following is a liability account?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q596: Which of the following is a source of long-term finance?
Bond
Debenture
Equity Share
Loan
Preference Share
Q597: What is the primary purpose of financial statements?
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
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