what is the difference between accounts and finance.
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Answer Posted / sandeep kumar
The differece is ...
Accounts is the art of recording , classifying n
summarising the business transactions in a significant
manner in terms of money.
While finance it is the process of lending n borrowing of
funds in the form of short n long term. ( ex. I have taken
a finance from the two wheeler company in the form of loan
(say hero honda showroom) to purchase a bike. Or even we
can say finance as money needed or support the business
enterprise to run the organisation in a smooth manner.
Thank u..
From sandeep.
| Is This Answer Correct ? | 4 Yes | 1 No |
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