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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
Q628: VAT is an example of:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q629: Internal audit is primarily concerned with:
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q630: Direct materials are classified as:
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
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