3.1 Introduction To Finance

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What is finance?

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14 Terms

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What is finance?

Finance is the process of acquiring and managing money for a business.

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What is accounting?

Accounting is the process of recording money flows and assets for a business.

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4

What is capital expenditure?

The finance spend on fixed assets(non-current assets)

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5

What is procurement?

It is the process of purchasing goods and services for a business

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