What is difference between accounts and finance?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

EXPLAIN EACH SECTION PROVISIONS ON TDS?

1407


As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?

1485


Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?

585


Tell me what do we mean by purchase return in accounting?

593


what is opening stock formula?

990






Explain what are the accounting events that are frequently involved in compound entries?

654


What qualification do you need to become an accounting professional?

632


Describe yourself briefly why you are outstanding for this post "Finance Coordinator"?

1791


What is fiduciary accounting?

641


How does accounting contribute to the community?

646


what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.

3404


under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?

1572


What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.

1204


SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

1789


The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty

1342