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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
Q760: Which concept requires accountants to record assets at cost?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q761: Which tax is charged directly on income?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q762: The time value of money means:
Bond
Debenture
Equity Share
Loan
Preference Share
