Accountancy, asked by radhikamukheria, 5 months ago

difference between accounting and accountancy.​

Answers

Answered by Anonymous
11

They are more or less interchangeable. Accounting has different meanings and in one sense refers to the process of keeping or maintaining financial records; while accountancy, according to OED, specifically refers to the duties(which consists of accounting, bookkeeping, auditing, etc.) or profession of an accountant.

Answered by Ninja1556
1
Accounting - it is a process of entering transactions in books of accounting

Accountancy - it is the checking and analysing the data written in the books of accounts and preparing statements according to it

Book keeping requires basic accounting knowledge while accountancy requires deeper understanding of accounts
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