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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
Q115: Overhead costs are usually allocated based on:
To calculate tax
To show financial position
To measure employee performance
To prepare budgets
To manage HR
Q116: Which ratio measures a company's ability to meet short-term obligations?
Current Ratio
Debt Ratio
ROE
EPS
P/E Ratio
Q117: The auditor’s report is addressed to:
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
