Your personal checking account is established in order to provide a record of individual personal financial transactions you create when you write a check. Al of the accounts are listed in a general ledger. Tday, te actual ledger book has long since been replaced by accounting software that creates a general ledger on the computer. The concept however has not been altered. The general ledger is the central location for maintaining all your accounts. Jurnal entries refer to the posting or entering of the financial transactions to a Icould use the official definitions here, bt the best way to understand accounts and finances is to learn it in easy terminologies, terefore I am going to use very simple definitions and examples which will be helpful for anyone to understand the subject in matter loud and clear.
I first place, fnance overcomes the limits of distribution and redistribution service of national profits, athough it is the fundamental foundation of finance. Frmation and utilisation of the reduction fund which is the part of financial domain does not belong to rdistribution of national profits but to the distribution of already arose value.
Tis latest first comes out to be a part of value of chief industrial funds, aterward it is moved to the cost price of a geared up product (that is to the value too) and after its realisation and it is set the depression finance. Is foundation is granted before hand as a depression form in the consistence of the ready products cost value. Scondly, min objective of finances is much broader then “fulfillment of the functions responsibilities and preparation of conditions for the widened further output”.
Fnance exists on the state level and on the manufactures and subdivisions level too and in such considerations, wen the most fraction of the manufactures are not state. Rdionova has a different position about this subject: “eal formation of the financial resources begins on the stage of distribution, wen the value is realized and concrete economical forms of the realized value are separated from the consistence of the profit”. Rdionova makes an accent of finances, a distributing wen D.
underlines industrial foundation of finances. athough both of them give quite substantiate debate of finances, a a system of. ..
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