What is the difference between finance and accounts? most of the companies having a different section like finance and accounts. why they aren't had only single section neither finance nor accounts?

Correct Answer: Finance:It is the branch of economics that studies the management of money and other assetsIn simpler terms it can be defined as the commercial activity of providing funds and capitalIt addresses questions like -- what funds are required by the org & How they can be raised & How they have to be allocated etc Accounts: It is the occupation of maintaining and auditing records and preparing financial reports for a business Accounts provides quantitative information about finances It addresses issues like what amount of funds have been allocated to various activities, how the book-keeping is being done etc Both functions are distinct but complimentary to each other Finance and accounts are highly specilized and distinct areas and hence most organizations have seperate sections of finance and accounts