what is the difference between accounts and finance.

Answer Posted / sandeep kumar

The differece is ...
Accounts is the art of recording , classifying n
summarising the business transactions in a significant
manner in terms of money.

While finance it is the process of lending n borrowing of
funds in the form of short n long term. ( ex. I have taken
a finance from the two wheeler company in the form of loan
(say hero honda showroom) to purchase a bike. Or even we
can say finance as money needed or support the business
enterprise to run the organisation in a smooth manner.

Thank u..

From sandeep.

Is This Answer Correct ?    4 Yes 1 No



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