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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
Q292: Which authority is responsible for collecting taxes?
Historical Cost Concept
Going Concern
Accrual Concept
Matching Principle
Materiality
Q293: The time value of money means:
Money today is worth more than in the future
Money loses value
Money increases over time
Money never changes
Money is unlimited
Q294: What does ROI stand for in finance?
Current Ratio
Debt Ratio
ROE
EPS
P/E Ratio
