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Monday 20 June 2011

what is the diffrence between accounting and finance

Here is a detailed definition that helps you to know everything about accounting and finance.

Accounting is the methodical or precise recording,reporting, and assessment of financial deals and transactions of a business. Accounting also involves the
preparation of statements or declarations concerning assets,liabilities, and outcomes of operations of a business.

Personal finance is a management of assets and liabilities in an efficient way. In a way, they are related to each other and yet they also have differences between each other.

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