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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
Q124: The auditor’s report is addressed to:
Equity Shares
Trade Credit
Accrued Expenses
Salaries Payable
Cash
Q125: The auditor’s report is addressed to:
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q126: Which of the following is a liability account?
Income Statement
Balance Sheet
Cash Flow Statement
Trial Balance
Notes to Accounts
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