Answer / ameet narayankhedkar

Financial accounting is the collection, recording,
classification and proper presentation of financial
information or date in such a way that all external agencies
such as income tax authorities, government, shareholders,
creditors of a company can understand it easily. From the
data presented by financial accounting, these external
agencies can easily understand what exactly is going on in a
company. They can know the financial strengths and
weaknesses of a firm by the financial data presented through
the process of financial accounting. Managerial accounting
is related to the accounting work done for the better
understanding of facts for the management of the company.
Management accounting is not done for any outside party, but
only for the company management to know where they should
give more attention to post better financial results.

Another difference between these two types of accounting is
that financial accounting is mandatory whereas management
accounting is optional.

i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD

0 Answers  

---

journal

1 Answers   Bank Of America,

---

why do we prepare balance sheet as on a particular date and not for a year?

1 Answers  

---

I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan

0 Answers   Genpact,

---

c form 1st qtr 2013-2014 issued th.on line start from which date

1 Answers  

---

What is the method to determine / set the credit limit for the customer ?

3 Answers   Genpact,

---

Can salary paid to promoters before incorporation be taken as a part of pre-incorporation expense? If yes how is the TDS part to be dealt with?

0 Answers  

---

Purchases entry?

8 Answers   ACS,

---

How the Entry passed for Loss of Payment

0 Answers  

---

what is IPO

5 Answers  

---

If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .

0 Answers  

---

At the end of financial year need to verify the all entries in the books of accounts

1 Answers   CTS,

---