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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
Q907: Break-even point is where:
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q908: Which of the following is a fixed cost?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q909: Which concept requires accountants to record assets at cost?
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
