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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
Q703: Which of the following is tax deductible for a business?
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
Q704: What is the main objective of an audit?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q705: Which concept requires accountants to record assets at cost?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
