I would like to tell the difference between Accounting and Finance...........................................................................
What is Accounting?
It is an art of identifying, measuring, recording, classifying, summarizing and Interpreting of business transactions in a regular and systematic manner.
What is Finance?
It deals with money transactions of past are recorded in a systematic manner to prepare the financial statements and these financial statements reveal the financial performance of the business or Mobilization of funds.
Accounting vs. Finance:
Both are similar to looking at the road .......
Accounting tells us what has been completed and where we are? It does not tell us where we have to go where finance, it is an assistant tells us where we have to go and gives plans.
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