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Questions and Answers
What is the purpose of bookkeeping?
What is the purpose of bookkeeping?
- To analyze market trends
- To manage human resources
- To record financial transactions (correct)
- To create marketing strategies
Which financial statement summarizes a company's revenues and expenses over a period of time?
Which financial statement summarizes a company's revenues and expenses over a period of time?
- Income statement (correct)
- Statement of cash flows
- Balance sheet
- Statement of retained earnings
What is the primary focus of accounting?
What is the primary focus of accounting?
- Supply chain optimization
- Financial data analysis and reporting (correct)
- Customer relationship management
- Product development
