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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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.
I think these subjects have different parameters. It can not be said that both are the same. i want to know the points that differs accounting from mathematics.
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.
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.
what is the relationships between statistics and accounting
I believe they don't exist
Business management requires a degree of mathematics knowledge. The math required often deals with proper accounting.