1)Definition of 'Finance'

The science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities. Finance consists of financial systems, which include the public, private and government spaces, and the study of finance and financial instruments, which can relate to countless assets and liabilities. Some prefer to divide finance into three distinct categories: public finance, corporate finance and personal finance. All three of which would contain many sub-categories. 2)Meaning of accounting Accounting is a practice of recording, classifying, summarizing, analysing and interpreting the financial transactions and communicating the results thereof to the persons interested in such information.

3)Bank A bank is the place where they accept deposits from people and lend loans and charge interest on them and performs agency functions,and provide certain facilities like providing lockers facilities and perform certain on the basis of its motive ...eg:IDBI BANK in india used to provide financial facilities to industrial sector.. 4)Debtor:

1.A person who is entitled to pay some amount to another person when he has borrowed the amount form 1st person. 2.The person or a party who has secured loan from bank and not repaid in schedule time or according to instalments is called the "debtor." 5)Creditor : 1.Creditor is he who has a right to require the fulfilment of an obligation. or contract. Creditors may; be divided into personal and real. 6)Bills payable Bills Payable:the outstanding unpaid notes or acceptances made and issued by an individual or firm. 7)bills recivable Bills receivable: the unpaid promissory notes or acceptances held by an individual or firm. 8)Invoice The definition of an invoice is a "list of goods sent or services provided, with a statement of the sum due for these." So, it is basically a bill sent to you that you haven't yet paid with the individual costs of the services or goods they provided. So, say you went to the doctors and you had an x-ray and they prescribed you pills and you haven't paid for them yet, they would send an invoice to you telling you the

individual cost of the x-ray and cost of the pills and it would say the total amount that you owe. If you checked "bill me later" when you bought a magazine subscription, they would send you a bill for the cost of the magazine for however many months you subscribed for. 9)Voucher Account Voucher nothing but a proof of transaction made. In future any problem will occurs then account voucher plays major support.

10)investors are people who put money into a business in the hope of making a profit.