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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
Q97: Which audit opinion is given when financial statements are fairly presented?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q98: What is the main objective of an audit?
Bond
Debenture
Equity Share
Loan
Preference Share
Q99: The time value of money means:
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
