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What is the difference between Finance & Accounts?
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Answer Posted / b.c.tewari
Accounting is basicaly the system of making
records,varificaiton & reporting of value of assets,
liabilites,expences and income in the account books.It
helps to the internal managers to know the finacial
position of the business.
While, finance refers to the time, money and risk
associated with a specific business. Finance is different
because it works on accounting information to pridict
future trends or to make decisionabout the future.
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