Breif Explaination about accounts & Finance
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Answer / neelam
ACcounts: it is an art of
classifying,analysing,recording,summarising the available
financial information for the purpose of mis reports.
Finance: it is process of employing the available funds in
different business activities with main moto of raising(
increase) those funds.
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Answer / sridhar
Accounts:- is the art of recording, classifying, summarizing
the accounting information which are in financial terms to
know the profit or loss
Finance: finance is nothing but a gathering funds and
effective utilization of funds and getting optimum result
form that.
| Is This Answer Correct ? | 3 Yes | 0 No |
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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