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What is Reconciliation ?
sindhusegaran
- Jul 29th, 2009
Reconciliations compares two set of accounts. It is usually the balance in two accounts to make sure that they are in agreement.
angel987
- Jul 21st, 2008
Suppose you have 2 types of balances A and B reconcilaition is a process in which we compare if balances in A are equal to balances in B
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Difference between Finance and Accounts
What is the difference between finance and accounts?most of the companies having a different section like finance and accounts. why they aren't had only single section neither finance nor accounts?
sindhusegaran
- Jul 29th, 2009
Finance management or allocation of cash to varoius deparments.Accounts is the bookeeping record of each transation involved (they add value to each other).
y_chndr
- Aug 19th, 2008
Finance: it is an economic activity. it involes managing the funds, how to raise the funds & its allocation in diffrent departments like production, marketing, hr etcAccounting: it is an art of keeping the records of all transactions took place in the business acivityBy: Y.P.chadra
