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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
Q847: What is the primary purpose of financial statements?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q848: What does ROI stand for in finance?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q849: Which of the following is a fixed cost?
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
