what is the difference between accounts and finance.

Answer Posted / sai mahendranath

the main difference is
"accounts means recording of day-to-day transactions in chronological way through this the company or organization prepares some statements like income statements cash inflow / outflow statements
and comes to finance "it looks over the company over all finance position like how to raise funds from different sources and how to allocate these all to different departments in the organization.
and which project was to be undertake which one give best and better financial return these all should be evaluate by the finance dept., in the organization

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How does rupee strengthen when the Reserve Bank of India sells dollars in the market?

615


how to calculate the sand quantity for please work 1:3

1445


What is Credit-Netting?

640


How will you define the term management?

646


Differentiate between Equity Capital and Preference capital?

659






What are BASEL Norms?

607


How will banks help in improving the economy?

637


Tell something about surgical strikes?

670


Give an example of where you have applied your technical knowledge in a practical way.

812


What is the role of PO in banks?

669


What is the main use of SLR? What is Inflation in India?

636


Do you have any idea about various codes used in banking industry?

622


Does The Stress Test Account For The Impact Of The Outcome Of The Referendum In The United Kingdom On Eu Membership?

621


What was the initial name of NITI Aayog?

656


Differentiate between Balance of Trade and Balance of Payment?

652