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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
Q235: Which of the following is not an audit evidence technique?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q236: The auditor’s report is addressed to:
Bond
Debenture
Equity Share
Loan
Preference Share
Q237: Direct materials are classified as:
Cash
Accounts Receivable
Inventory
Equipment
Prepaid Rent
