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Acounting & Finance

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

Q4: Which instrument represents ownership in a company?

To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR

Q5: Direct materials are classified as:

Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income

Q6: What is the main objective of an audit?

Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income

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