Differentiate between accounting and book-keeping.
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Explanation:
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.
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Explanation:
book keeping is a responsible for the recording of financial transactions where as accounting is responsible for interpreting , classifying, analysing , reporting , and summarising the financial data.
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