Accounting is a field in which user know about accounting principles very well but sometimes user find it difficult to analyze the data for putting it on the right place and find the correct conclusion. It is process of summarizing, analyzing and reporting financial transactions to oversight firms and tax collection entities. Accounting is not always about the rules and formulas but the logical knowledge of the given assignment. If we fail to comprehend the case in a right way we cannot get the right conclusion.
Accounting subject consist of three parts i.e. financial accounting, Cost accounting and Management accounting.
Finance is field which deals with investing, saving and managing money in order of its multiplication.
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