.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
Q841: Break-even point is where:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q842: Direct materials are classified as:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q843: Which tax is charged directly on income?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
