different between accounts and accounting

Question

Accepted Answer

Accounts refer to the records of financial transactions, while accounting is the process of recording, summarizing, and analyzing those transactions.

Accounts are the individual records of financial transactions, such as sales, purchases, and expenses.
Accounting involves the systematic recording, summarizing, and analyzing of these transactions to provide financial information.
Accounts are used to track the financial activities of a business or individual, while accounting helps in making informed financial decisions.
Examples of accounts include cash, accounts receivable, accounts payable, and inventory.
Accounting includes activities like bookkeeping, financial statement preparation, and financial analysis.

Accepted Answer

Accounts refers to the preparation and presentation of financial data in the format of Dr &cr. Accounting refers to the entry book keeping process which includes journal, ledger,trail balance,PL account and balance sheet.

Accepted Answer

Accounts means it is the finaicial condition of a bussiness or a firm evenly accounting is process of accounts how to know the finicail condition of business or a firm.

different between accounts and accounting

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