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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
Q955: Which instrument represents ownership in a company?
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q956: Which concept requires accountants to record assets at cost?
Current Ratio
Debt Ratio
ROE
EPS
P/E Ratio
Q957: VAT is an example of:
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
