Finance vs Accounting

Finance vs Accounting

Assessment

Flashcard

Business

12th Grade

Hard

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20 questions

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1.

FLASHCARD QUESTION

Front

A system of recording and reporting financial activity is called

Back

Accounting

2.

FLASHCARD QUESTION

Front

A formal examination of a company's financial records

Back

audit

3.

FLASHCARD QUESTION

Front

A plan that shows what you expect to earn and spend in a certain period of time

Back

budget

4.

FLASHCARD QUESTION

Front

a written report which describes the financial health of a company

Back

financial statement

5.

FLASHCARD QUESTION

Front

cost of maintaining and operating a business

Back

expense

6.

FLASHCARD QUESTION

Front

The amount of money a company earns

Back

revenue

7.

FLASHCARD QUESTION

Front

Results when a business income is greater than its expenses

Back

profit

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