what is the difference between finance and accounting,how
they are different with other.
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Answer / ravindra sahu
finance is the management of fund. planing of fund flow.
how we will get fund & where we will expend that.
accounting is managment of transctions. in accounting we
will manage records of transuctions. book keepings.
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / gunjan
accounting means recording of the daily transactions
related to the firm generally book keeping,trial balance
etc whereas finance mainly deals with managing the funds ie
from where to raise money, where to invest, planning and
decision making etc...thus finance is a major concept and
the whole working of the company rely upon the finances of
the company.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / a.santosh
finance deals with procurement of funds and utilize the funds,without finance the firm can not existing their business.mainly finance is nothing but cash,money...
where as accounting is an art of recording,classifying summarising thr transations interpreting results threre of.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / prashant bhat
finance is raising of fund and wise allocation of resources
Accounting is art of recording classifying and summerisin
g in a significant manner and in terms of money.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sumitra.raghavan
finance is a science concerned with procurement of funds and
effective allocation of funds to attain the objective of
business
accounting is concerned with recording,classifying,summarising
transactions which are of financial in nature and of monetaty
terms affects the financial position of company and
interpreting results thereof
| Is This Answer Correct ? | 2 Yes | 0 No |
In mathematics terminology we can say, if finance is set
accounting is the sub-set. Finance refers to all the
activities which comprise of right from raising, managing
and investing of in an organization. In sort the management
of fund is called as finance. While accounting is the
language of finance. Accounting expresses, describes the
nature, pros & cons of finance of an organization.
I believe this answer would be enough for the above question
instead going with the bookish definition.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / ankit
its is very simple that account includs only the recording
of transaction but finanace is ananlysis of that transction
for future planning.......
we can say that where the account stops Finance starts from
there for future planning from past and current data.. aslo
include the problem solving....
| Is This Answer Correct ? | 1 Yes | 0 No |
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