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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
Q136: Which audit opinion is given when financial statements are fairly presented?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q137: Which instrument represents ownership in a company?
Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies
Q138: Which tax is charged directly on income?
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
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