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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
Q817: Internal audit is primarily concerned with:
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q818: Which of the following is tax deductible for a business?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q819: 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
