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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

Q652: What is the primary purpose of financial statements?

Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts

Q653: Which of the following is not a current asset?

Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts

Q654: Which of the following is a fixed cost?

Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts

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