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Mathematics is a limitless calculation of numbers where different type of topics are calculated. This is mainly based on your mental capacity and strength.With the help of mathematics one can calculate the answer of the question in many different ways(The answer have to be same). You just need practice after practice and a clear concept of numbers. Mathematics cover some important chapters like Geometry, Trigonometry, Arithmetic, Algebra and Modern maths. Whereas Accountancy is a subject which teaches you how to keep a book of account. The root of this subject is the Golden rule where 3 accounts are partly separated and each have an individual rule .
Personal account: Reciever is debit and Giver is credit.Ex- Ram,Shyam(any personnel)
Real account: Which comes in debit which goes out credit.Ex-House,Car,Bike,Machinery,cash etc.
Nominal account: All expenses and losses are debit and all income and gain are credit
The main motive of Accountancy is with the help of this a company can show or calculate it's financial situation at the end of a financial year.
A simple glimpse of accountancy one can find in a banking pass book. Where in every transaction of cash is being stated as either ‘to Cash’ or ‘by Cash’ and the presentation is called Ledger Account.
In conclusion, Mathematics is a practice of numbers where one can calculate answer with help of different formulas of different topics whereas Accountacy is a practice of keeping the book of account in a right way with right journals of every transaction.
Mathematics is a limitless calculation of numbers where different type of topics are calculated. This is mainly based on your mental capacity and strength.With the help of mathematics one can calculate the answer of the question in many different ways(The answer have to be same). You just need practice after practice and a clear concept of numbers. Mathematics cover some important chapters like Geometry, Trigonometry, Arithmetic, Algebra and Modern maths. Whereas Accountancy is a subject which teaches you how to keep a book of account. The root of this subject is the Golden rule where 3 accounts are partly separated and each have an individual rule .
Personal account: Reciever is debit and Giver is credit.Ex- Ram,Shyam(any personnel)
Real account: Which comes in debit which goes out credit.Ex-House,Car,Bike,Machinery,cash etc.
Nominal account: All expenses and losses are debit and all income and gain are credit
The main motive of Accountancy is with the help of this a company can show or calculate it's financial situation at the end of a financial year.
A simple glimpse of accountancy one can find in a banking pass book. Where in every transaction of cash is being stated as either ‘to Cash’ or ‘by Cash’ and the presentation is called Ledger Account.
In conclusion, Mathematics is a practice of numbers where one can calculate answer with help of different formulas of different topics whereas Accountacy is a practice of keeping the book of account in a right way with right journals of every transaction.
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What is importance of mathematics in accounting?
The importance of Mathematics in accounting is that different accounting activities require the use of Mathematical principles. Mathematics will therefore help accountants to effectively solve various accounting problems easily.
What is the difference between mathematics and arithmetics?
there is no difference between Mathematics and Arithmetic because Arithmetic is a branch of mathematics. there is no difference between Mathematics and Arithmetic because Arithmetic is a branch of mathematics.
Discuss gender differences in attitudes towards mathematics and the factors that lead to such differences. Suggest ways of addressing such differences?
I believe they don't exist
Can you apply for business management without knowledge of mathematics?
Business management requires a degree of mathematics knowledge. The math required often deals with proper accounting.
What is the relationship between financial accounting and Statistics?
what is the relationships between statistics and accounting
What is the relationship between accounting and mathematics?
accounting is general mathematics which improve your calculations and makes you a expert in mathematicx. So to be perfect in mathematics you have to make your account best than your mathematics.
What are the differences between direct cost and indirect cost in management accounting.?
what are the differences between direct cost and indirect cost in financial accounting
What are two differences between large business accounting and accounting for small businesses?
none
What are the differences between Indian accounting standards and U.S. accounting standards?
Here is a link to a great paper by from the SEC , outlining the major differences in International Accounting Standards.
What is importance of mathematics in accounting?
The importance of Mathematics in accounting is that different accounting activities require the use of Mathematical principles. Mathematics will therefore help accountants to effectively solve various accounting problems easily.
Is there significant differences exist between accounting standards issued by the fasb and the iasb?
no
What are similarity between manual and computerized accounting?
Differences include: *Speed *Cost *Back up
How discover accounting?
accounting and mathematics was discovered by the ancient Chinese people
What is the role of mathematics in accounting?
Accounting is all math. Money is numbers.
What is the differences between manual computerized accounting systems for a service business?
A manual accounting system is a method of processing accounting functions with pencil and paper. A computerized accounting system allows accounting professionals to compute accounting tasks with a computer.
What is the importance of mathematics in accounting?
Accounting use mathematics in order to interpret facts and figure. This requires some basic and intermediate knowledge of mathematic concept and theories.
What is the difference between a diploma in accounting and a bachelor of accounting?
One of the differences is that a diploma in accounting from a certified institution will make you an "Assistant Accountant". Also you cannot be an auditor with a diploma. ~G
