Accountancy, asked by shalushalu2554, 6 months ago

Distinction between Book-keeping and accounting​

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Answered by indrajeet13062
12

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.

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