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Acounting & Finance

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

Q172: What is the main objective of an audit?

Cash
Accounts Payable
Inventory
Prepaid Rent
Office Supplies

Q173: Which of the following is a liability account?

Return on Investment
Rate of Interest
Revenue on Income
Ratio of Investment
Return on Income

Q174: Internal audit is primarily concerned with:

Current Ratio
Debt Ratio
ROE
EPS
P/E Ratio

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