Monday, January 18, 2010

FINANCE ACCOUNTING


financial stategyThere is a great important of finance in accounting. The account deals with he various receipt and payment of money. Receipt of money is related to inflow of the money which is recorded in the debit side of the accounting and payment of the money is related to out flow of the money so it is recorded in the credit side of accounting. Accounting is used in all kinds of the organization which deals with the finance i.e. records receipts and payment. financial diagram
For the management students accounting finance is the most important subject matter that deals with the management of finance. Finance in the accounting plays a vital role for the development of the organization. So finance in accounting is very important for calculating the actual inflow and outflow of money.

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