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Showing posts from July, 2012

Difference between Accounting and Finance

Most of the students are confused with the difference between Accounting and Finance… Accounting is majorly concerned with the recording, classifying and reporting of the data relevant to Assets, Liabilities, Expense, Income and Capital of the business, whereas, Finance is the management of Cash/Money/Funds. The purpose of the Finance is to control the financial resources of business and making long term decision for business future.