Question

distinguish between accounting and book keeping

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.

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Answer 2

Bookkeeping is the art of recording financial transactions so that any point relevant to these transactions can be easily obtained