Question

difference between bookkeeping and accounting​

Answer 1

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:

Difference Between Book Keeping And Accounting

Book Keeping :-

• Book Keeping is done before Accounting.

• The scope of Book Keeping is limited.

• Object of Book Keeping is to write down properly and orderly all financial dealings.

• a normal ability is required to do Book Keeping.

• Book Keeping is executed under a very easy e and definite procedure so it goes on automatically.

Accounting :-

• Accounting starts after bookkeeping is done.

• The scope of Accounting is very vast.

• Object of Accounting is to attain good results from the written financial dealings.

• Some special abilities are required in Accounting work.

• Accounting is very complicated and vast so it needs proper care on every step .

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