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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
Q88: Which concept requires accountants to record assets at cost?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q89: Which of the following is a liability account?
Bond
Debenture
Equity Share
Loan
Preference Share
Q90: Which ratio measures a company's ability to meet short-term obligations?
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
