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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

Q670: Which audit opinion is given when financial statements are fairly presented?

Current Ratio
Debt Ratio
ROE
EPS
P/E Ratio

Q671: Overhead costs are usually allocated based on:

Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality

Q672: Which of the following is not an audit evidence technique?

Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent

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