can anybody describe about the accounts and financ ? what
is difference between that , thanks in advance gurus
Answer Posted / amit
there is a very thin line between accounts & finance.
finance relates to procurement & effective utilization of
funds whereas accounts relates to recording of the
transaction & the preparation of the books
Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
which Electrical items is Exciseible
what is CDD’s configuration
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
what is the use of special general ledger if the normal trasaction in usage.
Depreciation method to using Indian company names
Provision of Bad Debts is made in compliance with the convention of -----------
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
Expand---------EDP
Expand---------OTMD
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
What is the Purpose of Preparing Bank Reconciliation Statement?
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.