Book keeping and accounting are one and the same thing? True or false give the reason
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Answered by
29
Answer:
false
Explanation:
Bookkeeping and accounting are two functions which are extremely important for every business organization. In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.
Answered by
6
Answer:
Explanation:
Book-keeping and accounts are to different terms book-keeping was done by the clerk and accounting was done by the C.A. therefore there are different in book-keeping and accounting
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