Sunday, January 10, 2010

ACCOUNTING FINANCE

There 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 infiow of the money which is recorded inthe 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.
For the managment students accounting finance is the most important subject matter that deals with the managment of finance. Finance in the accounting play a vital role for the development of the organization.So finance in accounting is very important for calculating the actual inflow and outfiow of money.

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