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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
Q709: Which of the following is not a current asset?
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q710: Which of the following is a source of long-term finance?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q711: Internal audit is primarily concerned with:
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
