what is the difference between accounts and finance.
Answer Posted / bhavana rushi
Accounting is identifying,analazing, recording the day to
day transactions and ends with communicating the financial
information to the management.
Where as finance deals with sourcing of funds, effective
utilisation of funds, borrowing, investiments,analazing the
financial data to help the management in financial decision
making.Infact, the output of accounting is the input of
finance.The output of finance is the input of best
financial desicion making.Best financial decision making
always cause for financial soundness of the entity.
The job of finance starts with the end of job of Accounting.
Finance activity is based on analization and application of
the current activity to the business concern.it involves
calculation, quantification and valuing the financial risk
in different situations in different sectors.
Is This Answer Correct ? | 5 Yes | 4 No |
Post New Answer View All Answers
What is our current stock price?
What do you think social networking sites have affected the daily life of the people?
What do you understand by gift card?
What Is a Mutual Fund?
What Entry Will Be Passed for Writing Off the Discount On Issue of Shares?
When have you worked in a bad team? Which steps did you take to make it better?
What do the banks do for women empowerment?
What Is The Difference Between Reserve And Allowance?
Which was the first indian bank to get an iso certification?
What are the pros and cons of cashless economy?
In terms of international banking what is Letter of credit?
What is secularism?
who regulates the mutual funds in india?
What do you understand by public expenditure?
How can the inflation be measured?