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what is the difference between accounts and finance.
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Answer Posted / bhavana rushi
Accounting is identifying,analazing, recording the day to
day transactions and ends with communicating the financial
information to the management.
Where as finance deals with sourcing of funds, effective
utilisation of funds, borrowing, investiments,analazing the
financial data to help the management in financial decision
making.Infact, the output of accounting is the input of
finance.The output of finance is the input of best
financial desicion making.Best financial decision making
always cause for financial soundness of the entity.
The job of finance starts with the end of job of Accounting.
Finance activity is based on analization and application of
the current activity to the business concern.it involves
calculation, quantification and valuing the financial risk
in different situations in different sectors.
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