.png)
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
Q112: Which audit opinion is given when financial statements are fairly presented?
Current Ratio
Debt Ratio
ROE
EPS
P/E Ratio
Q113: What is the primary purpose of financial statements?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q114: Which of the following is tax deductible for a business?
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
