Question

Difference between book keeping and accountancy​

Answer 1

Answer:

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.

Explanation:

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Answer 2

Answer:

Book keeping is mainly related to identifying ,measuring ,and recording ,financial transaction

Accountancy is the process of summarizing,interpreting,communicating financial transaction which were classified in the ledger account

Explanation:

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