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what is the difference between accounting and finance?
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Answer / sreenatha reddy a
Accounting is for recording Business Transactions and to now the Business is Carried on with a profit or not
where as finance is to invest certain amount in any investment that yields profit or Loss and to decide/choose which investment is best to Invest the Finance it is helpful
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Answer / prathiba.p.v@gmail.com
Account is an summarized record of all transactions relating
to a particular person, a thing of an item of income or
expense. It is vertically divided into two halves &
resembles the shape of the English alphabet T.
Finance the matters relating to the supply & demand of
monetary resources in a business during the normal course of
business activities concerned with raising capital, payment
of dividends, raising loans and overdrafts.
| Is This Answer Correct ? | 3 Yes | 1 No |
what is the difference between journal entry and journal voucher
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
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