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What is difference between accounts and finance?
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Answer / h.r. sreepada bhagi
Finance is related to money & transactions having financial
implications.
Accounts or Accounting is concerned with to recording the
business transactions in terms of money in a systematic
manner to enable preparation of Profit & Loss A/c & Balance
at the end of an accounting period. Financial transactions &
accounting should go hand in hand for efficient & effective
business to run & grow.
| Is This Answer Correct ? | 29 Yes | 3 No |
Answer / govind
ACCOUNTS WILL BE DONE ON THE BASIS OF FINANCE. I.E. WITHOUT
FINANCE U CAN NOT MAKE ACCOUNTING. ACCOUNT WILL BE START ON
THE BASIS OF FINANCE.
| Is This Answer Correct ? | 16 Yes | 7 No |
Answer / anand
Accounts or Accounting is concerned with to recording the
business transactions in terms of money in a systematic
manner to enable preparation of Profit & Loss A/c & Balance
at the end of an accounting period. Financial transactions &
accounting should go hand in hand for efficient & effective
business to run & grow.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ahjf
finance is blood for an organisation. and accounts are
record of the financial activity of the business.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sks
Accounts includes-Recording, classifying, presenting and
reporting financial information.
Finance is related to acquision, use and management of
monetary resources. It includes financing, investing and
dividend decision.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajat singh sisodiya
Finance and Accounting are two separate disciples that often are lumped together (as we obviously have done). At a high level, Finance is the science of planning the distribution of a business' assets. Accounting is the art of the recording and reporting financial transactions.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ajoy kumar rai
Accounts is micro in nature and finance is macro in nature.
Accounts assists financ by providing income statement to
take decision.Accounts is a leaf while finance is a tree
for managerial decesions.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / ramireddy
accounting is nothing but to maintain the daily monetary
transctions in an organiztin but finance means to maintain
the total trasctins, allocation of resourcesm and alloction
of funds.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / santosh
accounting is limited to the preparation of the final
reports/accounts. but finance deals with the annoncement of
the finacial results to the share holders,public,creditors
etcc......
finance starts where accounting ends.
| Is This Answer Correct ? | 0 Yes | 4 No |
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