what is the difference between accounting and finance?

Answers were Sorted based on User's Feedback



what is the difference between accounting and finance?..

Answer / sreenatha reddy a

Accounting is for recording Business Transactions and to now the Business is Carried on with a profit or not

where as finance is to invest certain amount in any investment that yields profit or Loss and to decide/choose which investment is best to Invest the Finance it is helpful

Is This Answer Correct ?    10 Yes 1 No

what is the difference between accounting and finance?..

Answer / prathiba.p.v@gmail.com

Account is an summarized record of all transactions relating
to a particular person, a thing of an item of income or
expense. It is vertically divided into two halves &
resembles the shape of the English alphabet T.
Finance the matters relating to the supply & demand of
monetary resources in a business during the normal course of
business activities concerned with raising capital, payment
of dividends, raising loans and overdrafts.

Is This Answer Correct ?    3 Yes 1 No

Post New Answer

More Accounting General Interview Questions

salary is paid to a person A wrongly twice a month and after detecting the mistake the salary is paid to the right person B.write the journal entry for the two sequences.

4 Answers   Siemens,


What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?

0 Answers  


Mention in simple terms what is the difference between asset, equity, and liabilities?

0 Answers  


What will be the journal entry for good lost by fire. How many entries will be passed in the books of account for the same.

29 Answers   IBM, MTM,


When a business man take his net profit from his firm, how will make the entry in cash book?

3 Answers  






What is the difference between Discount & consession?

5 Answers  


1.What is the entry sales and Purchases including discount and TCS 2.if sales but suddenly road accident and only party received 80% and balance staled the insurance company what is entry in accounting booked

0 Answers   Hero Honda,


What is the entry of Bank Cheque Dishoner? Recieve the cheque from SBA Enviro Pvt. Ltd. on dated 5 Jan2012 of Rs.500000/-. It will be dishonered on dated 10Jan2012.

1 Answers  


how to calculate vat,pf,esi,service tax in corporate firm

0 Answers  


how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.

0 Answers  


Pls tell me the basic rules of accounts for interview in finanace or accounts section

0 Answers   Genpact, IBM,


if my company Purchases a raw material from other trading company and paid that amount by trading company owner account this case ? how to entry are reported?

0 Answers  


Categories