What is business and accounts, difference in both, how can an organization runs on both or very basics.

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Accepted Answer

Business and accounts are two interrelated concepts. Business refers to the overall operations of an organization, while accounts refer to the financial transactions and records of the organization.

Business involves the production, marketing, and sale of goods or services, while accounts involve the recording and management of financial transactions.
Business is focused on generating revenue and profits, while accounts are focused on managing expenses and ensuring financial stability.
An organization needs both business and accounts to operate effectively, as business drives revenue and accounts ensure financial stability.
Examples of business activities include product development, marketing, and sales, while examples of accounting activities include bookkeeping, financial reporting, and budgeting.

What is business and accounts, difference in both, how can an organization runs on both or very basics.

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