what is the difference between accounts and finance ?

Answer Posted / mohammed

ACCOUNT is the detailed record of a particular asset,
liability, owners' equity, revenue or expense.



FINANCIAL ACCOUNTING is the area of accounting concerned
with reporting financial information to interested external
parties

Is This Answer Correct ?    15 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Define fair value accounting?

632


Do you know what is the importance of team work in this position?

598


Company XYZ split 5:1 on June 30, 2008. Date Close Price # of Shares Revised Closed Price Revised # of Shares June 15, 2009 $75.00 5,000 $75.00 5000 April 23, 2009 $72.00 7,500 $72.00 7500 March 31, 2009 $67.00 135 $67.00 135 March 31, 2008 $275.00 531 $55 2755 November 30, 2007 $233.00 266 $46.6 1330 October 6, 2006 $1,333.00 10 $266 50

1678


What is computerized accounting?

641


hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

1269






how to see reoprt of miro booking in SAP FI

1801


What is Capital Commitments means?

1816


What are the purposes of maintaining control ledgers?

665


in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.

1502


Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

2868


What are mis reports?

669


What is batch input? why we use batch input session in SAP(FICO)?

4880


adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off

1286


what are doucement required under registration of properity firm. give the answer breif

1551


how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.

1893