Difference between Accounts & Finance ?
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Answer Posted / iftekar
Account :In accountancy, an account is a label used for
recording and reporting a quantity of almost anything. Most
often it is a record of an amount of money owned or owed by
or to a particular person or entity, or allocated to a
particular purpose. It may represent amounts of money that
have actually changed hands, or it may represent an
estimate of the values of assets, or it may be a
combination of these.
Finance : It refers to the procurement and effective
utilization of money.
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