difference between accounting and accountancy.
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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.
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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
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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