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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
Q814: Break-even point is where:
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q815: What is the primary purpose of financial statements?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q816: Which instrument represents ownership in a company?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
