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what is the basic difference between accounting and
financing?
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Answer Posted / fahd karali
Finance is concerned with the cash flows where Accounting is
concerned with the accounting profit
for example.. At the end of the fiscal year accountants come
with Net Income in the Income Statement which has elements
such as depreciation expenses, Dep. Exp is not a cash flow
yet it's deducted from the net income.
| Is This Answer Correct ? | 4 Yes | 1 No |
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