.png)
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
Q799: Which statement shows the financial position of a company at a point in time?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q800: Overhead costs are usually allocated based on:
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
Q801: Which of the following is a fixed cost?
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
