Question

Difference between appropriation accounts and financial accounts

Answer 1

Answer:

Appropriation legalizes the expenditure part of budget that govt. is going to do in coming next financial year.

Finance bill legalizes the revenue part of budget.

these are some formalities without which govt. can't collect taxes or generate any income and also can't spend money despite being public.

Explanation:

Answer 2

Explanation:

The difference between finance and accounting is that accounting focuses on the day-to-day flow of money in and out of a company or institution, whereas finance is a broader term for the management of assets and liabilities and the planning of future growth.