Question

Difference between accountant and account executive

Answer 1

Accountant is a subordinate personnel of Accounts officer/executive. However he is a very important person in the accounting process. ... Accountant is the backbone of financial transaction in any department or organisation.

Answer 2

Concept Introduction: All businesses run in Profit and Loss.

Explanation:

We have been Given: Difference between accountant and account executive.

We have to Find: Difference between accountant and account executive.

Accounts Executive or Accounts Officer are the people who sign and take responsibility of accounts in the department or organisation. Accounts officer/Executive will scrutinize the work done by his subordinates (Accountant,accounts clerk etc) and see whether it is according to the govt rule or not or whether it is under the financial policy of organisation or not. Accounts Officer will sign on the bills prepared by accountant which further enables drawing of money from the banks or state treasury (banks which has govt money stored). Accountant is a subordinate personnel of Accounts officer/executive. However he is a very important person in the accounting process. He prepares all the salary bill, reimbursement bill, T.A bills etc . He compiles the financial statement, records expenses and incomes of the department or organisation and presents to the Accounts officer/executive for the financial approval. Accountant is the backbone of financial transaction in any department or organisation. However he is not empowered to pass or certify the financial issues recorded by him.

Final Answer: The answer is above.

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