What is difference between accounts and finance?
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Answer / h.r. sreepada bhagi
Finance is related to money & transactions having financial
implications.
Accounts or Accounting is concerned with to recording the
business transactions in terms of money in a systematic
manner to enable preparation of Profit & Loss A/c & Balance
at the end of an accounting period. Financial transactions &
accounting should go hand in hand for efficient & effective
business to run & grow.
Is This Answer Correct ? | 29 Yes | 3 No |
Answer / govind
ACCOUNTS WILL BE DONE ON THE BASIS OF FINANCE. I.E. WITHOUT
FINANCE U CAN NOT MAKE ACCOUNTING. ACCOUNT WILL BE START ON
THE BASIS OF FINANCE.
Is This Answer Correct ? | 16 Yes | 7 No |
Answer / anand
Accounts or Accounting is concerned with to recording the
business transactions in terms of money in a systematic
manner to enable preparation of Profit & Loss A/c & Balance
at the end of an accounting period. Financial transactions &
accounting should go hand in hand for efficient & effective
business to run & grow.
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ahjf
finance is blood for an organisation. and accounts are
record of the financial activity of the business.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sks
Accounts includes-Recording, classifying, presenting and
reporting financial information.
Finance is related to acquision, use and management of
monetary resources. It includes financing, investing and
dividend decision.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajat singh sisodiya
Finance and Accounting are two separate disciples that often are lumped together (as we obviously have done). At a high level, Finance is the science of planning the distribution of a business' assets. Accounting is the art of the recording and reporting financial transactions.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ajoy kumar rai
Accounts is micro in nature and finance is macro in nature.
Accounts assists financ by providing income statement to
take decision.Accounts is a leaf while finance is a tree
for managerial decesions.
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / ramireddy
accounting is nothing but to maintain the daily monetary
transctions in an organiztin but finance means to maintain
the total trasctins, allocation of resourcesm and alloction
of funds.
Is This Answer Correct ? | 1 Yes | 2 No |
Answer / santosh
accounting is limited to the preparation of the final
reports/accounts. but finance deals with the annoncement of
the finacial results to the share holders,public,creditors
etcc......
finance starts where accounting ends.
Is This Answer Correct ? | 0 Yes | 4 No |
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