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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
Q232: Which statement shows the financial position of a company at a point in time?
Bond
Debenture
Equity Share
Loan
Preference Share
Q233: The auditor’s report is addressed to:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q234: The time value of money means:
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
