Question

Difference between book keeping and accounting?​

Answer 1

Answer:

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. Bookkeeping and accounting may appear to be the same profession to an untrained eye.

Answer 2

Answer:

In the simplest of terms, book keeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data. Book keeping and accounting may appear to be the same profession to an untrained eye.