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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
Q79: Direct materials are classified as:
Current Ratio
Debt Ratio
ROE
EPS
P/E Ratio
Q80: Which instrument represents ownership in a company?
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
Q81: Which concept requires accountants to record assets at cost?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
