what is account & what is finance
Answer / Kishor Kumarmishra
An account refers to a financial record of economic transactions in business, government, or personal affairs. It shows the financial effects of a transaction on the different parties involved. An account includes details such as the name of the party, debits, credits, and dates.
Finance is the management and study of money, banking, credit, investments, asset management, and insurance. Finance is concerned with the creation, accumulation, allocation, and management of financial resources over time.
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