Question

0 0 l write meaning and characterest
Of Accountancy and Book-keeping
and Accountancy?​

Answer 1

Answer:

Accountancy is the job of sharing financial information about a business to managers and shareholders. Accounting is often called the "language of business". These annual accounts show what money the company has taken in over time and what it has spent money on.

Bookkeeping involves the recording, on a regular basis, of a company's financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions. Bookkeepers are individuals who manage all financial data for companies.

Explanation:

Characteristics of Accountancy are:-

1. Understandability
2. Relevance
3. Consistency
4. Comparability
5. Reliability
6. Objectivity

Characteristics of Book-keeping are:-

1. Excellent communication skills
2. Adept at accounting software and new technologies
3. Organization and teamwork
4. Experience in your particular industry
5. Integrity
6. Flexibility to adapt to different working styles
7. Relationship building skills