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Relation between Accounting and Economics.
Accounting and economics relates to each other in the way that both of them consider the effective and efficient use of resources, particularly when they are scare, and also maximizing the wealth.
However, Accounting is the activity which provide information to the owner of the business firm, effective and efficient use of resources and maximization of the wealth of the owner of the firm, While economics does all the activities for the nation and not for an individual.
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What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
What is the accounting equation and how does it work?
The accounting equation displays the relationship between capital, liabilities and the assets. The accounting equation shows that the assets are a sum of the liabilities and the invested capital.
What is the difference between manual accounting and tally accounting?
what is the difference between manual accounting and tally accounting?
What is the relationship between manual and computerize accounting systems?
With manual accounting you have to create journal entries, invoices, and other documents by hand and with computerized accounting you just have to enter the information on the forms, because the forms have already been created in the software.
Is accounting business economics?
Accounting and business economics are related but distinct fields. Accounting focuses on the systematic recording, reporting, and analysis of financial transactions, providing a clear picture of a company's financial health. Business economics, on the other hand, applies economic theory and principles to business decision-making, analyzing factors like market conditions and competition. While both disciplines inform business strategies, accounting is primarily concerned with financial data management, whereas business economics emphasizes broader economic factors influencing business operations.
What is the relationship between health care productivity and health economics?
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What is the relationship between financial accounting and Statistics?
what is the relationships between statistics and accounting
What relationship is there between the accounting equation and the balance sheet?
The relationship between the accounting equation and the balance sheet is the NET PROFIT. ( I THINK :/ )
What is the relationship between economics and scarcity?
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The differentiate between the economics and accounting?
There is a huge difference between the 2. Accounting is the process of managing money while making analytical decisions about money. Economics is the study of incentives i.e. how and why things are produced and to whom it is produced
Importance of chemistry in accounting?
I do not believe there is a relationship between chemistry (the science) and accounting
Relationship of economics with stastistics?
There is a strong relation between economics and statistics.Bcoz in both we make graphs:-)
HOW DOES HUMAN RESOURSE MANAGEMENT RELATES TO ECONOMICS?
what is the relationship between economics and human resourse manegement
What is the relationship between economics and physical science?
There is a direct relationship between economics and physical science. As a matter of fact, economics is defined as physical science which uses various computations to analyze trends in the market.
Relationship between history and economics?
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Explain in details the relationship between economics facts theory and policy?
explain in details the relationships between economics facts, theory and policy.
The relationship between statistics and economics?
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