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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
Q106: What is the main objective of an audit?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q107: Direct materials are classified as:
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q108: VAT is an example of:
Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income
