What is management?
what is finncial management?
difference b/w accounts& finance?
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Answer / knareshmba
Accounts: Analysing, computing,finalising and recording day
to day books.
Finance: IDENTIFYING THE FUNDS AND Utilizing the funds
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Answer / rajmails2
Management : Management means managing the skills in any
affair.
Finance Management : Allocated of funds, Raising of Funds,
is said to be Finance Management.
Difference : Finance relates to how much to be invest, or
how much to be paid.
but Accounts deals how much invested or how much paid.
finace relates to future where as
Account relates to past data.
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On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000 cash and opened a bank account with Rs.1,50,000. He purchased furniture for his business for Rs.25,000. Goods were bought from Deendayal for Rs.50,000 on credit. He sold goods for Rs.27,000 in cash and 30,000 on credit. He paid Rs. 2,500 for business expenses during April month. Rs. 10,000 was withdrawn for office purposes from the bank. Find out the closing balance of cash and bank.
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