1-24 पुस्तपालन एवं लेखांकन में अन्तर स्पष्ट कीजिए। (कोई-पाँच)
Distinguish between Book-keeping and Accounting. (A
(अथवा)
Answers
Definition
Bookkeeping
Bookkeeping is mainly related to identifying, measuring, and recording, financial transactions
Accounting
Accounting is the process of summarizing, interpreting, and communicating financial transactions which were classified in the ledger account
Decision Making
Bookkeeping
Management can't take a decision based on the data provided by bookkeeping
Accounting
Depending on the data provided by the accountants, the management can take critical business decisions
Objective
Bookkeeping
The objective of bookkeeping is to keep the records of all financial transactions proper and systematic
Accounting
The objective of accounting is to gauge the financial situation and further communicate the information to the relevant authorities
Preparation of Financial Statements
Bookkeeping
Financial statements are not prepared as a part of this process
Accounting
Financial statements are prepared during the accounting process
Skills Required
Bookkeeping
Bookkeeping doesn't require any special skill sets
Accounting
Accounting requires special skills due to its analytical and complex nature
Analysis
Bookkeeping
The process of bookkeeping does not require any analysis
Accounting
Accounting uses bookkeeping information to analyze and interpret the data and then compiles it into reports
Types
Bookkeeping
Basically there are two types of bookkeeping - Single entry and double entry bookkeeping
Accounting
The accounting department does preparations of a company's budgets and plans loan proposals
Bookkeeping and Accountancy
Bookkeeping
Bookkeepers are required to be accurate in their work and knowledgeable about financial topics. Bookkeepers work is usually overseen by an accountant
Accounting
Accountants with sufficient experience and education can obtain the title of Certified Public Accountant (CPA)
Explanation:
1-24 पुस्तपालन एवं लेखांकन में अन्तर स्पष्ट कीजिए। (कोई-पाँच)
Distinguish between Book-keeping and Accounting. (A
(अथवा)