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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
Q976: Which tax is charged directly on income?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q977: Which audit opinion is given when financial statements are fairly presented?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q978: Which ratio measures a company's ability to meet short-term obligations?
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
