what is basic difference between accounting and finance

Answer Posted / syed shakir ali

Accounting stands Book Keeping ,Vouching & Proper
documanation as per accountong standards,

Finance ; Analysis of financial data,capital budgeting,Fund
allocation,Shares & Securities etc

Is This Answer Correct ?    5 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan

1750


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

1350


what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle

1661


Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!

4385


What do we mean by Redemption of shares and debentures?

1904






1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

1744


Tell me what do you think is bank reconciliation statement?

663


if any otion in tallyerp9 version about doing Luxury tax work

1680


what is the procedure to appoint an Austrlian citzen as indian company director...

1362


SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST

1610


Do you know what are trade bills?

966


Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.

1597


What is the definition of offset accounting?

650


The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

1407


Do you know what is a cpa?

597