what is basic difference between accounting and finance

Answer Posted / superna

Accounting means recording of day-to-day transactions of the company while as finance means recording of financial transactions of the company.

Is This Answer Correct ?    0 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

In accounting, are assets a permanent account?

650


OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.

1762


What are the difference between Debit Memorandum and Credit Memorandum?

1512


we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?

1655


What was your average accounts receivable days outstanding/days sales outstanding?

680






What was your most complicated sales cycle in past positions?

805


i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

1397


ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10

2038


What are the different fields of accounting?

624


What steps would you take to locate the errors in case trial balance disagrees?

616


as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

1737


How does accounting contribute to the community?

635


AL+w button lanunches the .............. installed web brower

1611


Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.

2096


What is cotangent Account?

1555