{"id":25415,"date":"2015-02-25T15:02:23","date_gmt":"2015-02-25T15:02:23","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=25415"},"modified":"2024-04-03T13:15:41","modified_gmt":"2024-04-03T07:45:41","slug":"accounting-and-economics","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/accounting-and-economics\/","title":{"rendered":"Accounting And Economics"},"content":{"rendered":"<p style=\"text-align: center;\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Accounting-And-Economics.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25921\" alt=\"Accounting And Economics\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/02\/Accounting-And-Economics.jpg\" width=\"273\" height=\"172\" \/><\/a><\/p>\n<p>Accounting And Economics; where does the difference lie?<\/p>\n<p>&nbsp;<\/p>\n<p>Economics is mainly concerned with the limited resources and their allocation for different uses.<\/p>\n<p>Economists study human behavior and helps in solving a problem of allocating limited resources which can be evaluated in terms of money.<\/p>\n<p>Accountants record transactions which are monetary in nature like cost of goods purchased,prices of goods sold,value of assets purchased and sold etc.<\/p>\n<p>A basic difference between an economist and an accountant is that economists is basically concerned with economic problems whereas an accountant is mainly concerned with individual human behavior which is restricted only to those specific aspects which can be expressed in terms of money.<\/p>\n<p>An accountant can produce meaningful information only when he understands the basic concepts of economics whereas an economists can produce significant information only when he must understand the assumptions made by an accountant in producing information for his use.Economics and accounts concepts are dependent on each other.<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accounting And Economics; where does the difference lie? &nbsp; Economics is mainly concerned with the limited resources and their allocation for different uses. Economists study human behavior and helps in solving a problem of allocating limited resources which can be evaluated in terms of money. Accountants record transactions which are monetary in nature like cost&#8230;<\/p>\n","protected":false},"author":970,"featured_media":25921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[2206,2350,2207],"class_list":["post-25415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-accountant","tag-difference","tag-economist"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Accounting And Economics - Vskills Blog<\/title>\n<meta name=\"description\" content=\"How does the domain of accounting and economics differ or relate with each other?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/accounting-and-economics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accounting And Economics - 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