What is exact difference b/w Accounts and finance
Answer Posted / charu
Finance means the study of different ways in which
individuals, businesses and organisations raise and
allocate monetary resources and use the same for business
purposes keeping the risks involved in mind.
The activity of finance is the application of a set of
techniques that individuals and organisations use to manage
their financial affairs, particularly the differences
between income and expenditure and the risks of their
investments. There are different categories in which
finance could be distributed, like personal finance, public
finance and corporate finance.
Accounting on the other hand is the measurement, disclosure
or provision of assurance about financial information that
helps managers, investors, tax authorities and other
decision makers make resource allocation decisions.
Financial accounting is one branch of accounting and
historically has involved processes by which financial
information about a business is recorded, classified,
summarized, interpreted, and communicated. There are
different categories in which accounting can be
distributed, like cost accounting, financial accounting,
internal and external accounting, etc.
Is This Answer Correct ? | 15 Yes | 0 No |
Post New Answer View All Answers
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
What are the general Ledgers?
duties of bank finance manager
Expand-------NSAC
what is Functional Specification in SAP FICO?
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm
what are the new rules of central excise ?
is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
barwaha
with out college degree con't we dc accounting job?
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
Expand-------IETF