Accountancy, asked by deepatyagi634, 1 month ago

Book - keeping and accounting are synonymous itms

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Answered by khushiadhikari2003

Answer:

Although book-keeping and accounting both involve the process of recording the financial transactions of a business, but both are two different terms. Book-keeping is the process of recording the daily transactions of a business entity in chronological order. ... Hence, book-keeping is not synonymous to accounting

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