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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
Q973: Which of the following is tax deductible for a business?
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
Q974: Which authority is responsible for collecting taxes?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q975: What is the main objective of an audit?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
