Answer / s.anil gopal

Accounting means the process of identifying recording and
interpreting and economic events



difference between accounting and finance;

accounting is no decision making . but finance is the
decision making

Answer / sri

i cope with ketan deepak's answer, i want to give one
effective example that the bell sound comes first than the
elephant's arrival.
here, the BELL SOUND is FINANCE, ELEPHANT is ACCOUNTS.

Expand R A (Allowance in Railways)

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what in contingent liabilities

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EXPAND______________IBA

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machinery is assets or liabilities

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Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?

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