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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
Q949: Direct materials are classified as:
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q950: What is the main objective of an audit?
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q951: Which of the following is a liability account?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
