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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
Q781: Which authority is responsible for collecting taxes?
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
Q782: Which tax is charged directly on income?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q783: The time value of money means:
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
