ACCOUNTING AND FINANCE

Accounting and Finance

What is the difference between accounting and finance?

Accounting is the process of recording, identifying, and summarizing the transaction of the transaction that has occurred over the financial year. The accounting makes sure that the financial information of the company is presented in an appropriate manner. It includes the recording of transactions in the general journal, and then the making of the financial statements. (Eisen 2007)

On the other hand, finance is the art, through which the companies handle their funds and make sure that the money of the company is utilized in the best possible manner. The ...