Business Studies, asked by vanditdodwani, 4 months ago

difference between book keeping and accounting

Answers

Answered by nallagondurevanth510

Answer:

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Explanation:

Bookkeeping is all about recording and organising financial data while accountants take that data to prepare reports and get them ready for HMRC.

Answered by raypratibha2002

Answer:

Accounting is the process by where a company's financials are recorded, summarized, analyzed, consulted and reported on. Bookkeeping is the recording part of this process, in which all of the financial transactions of the business (consisting of income and expenses) are entered into a database.

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