Question

Distinguish between book - keeping and accountancy. in 75 to 100 words.​

Answer 1

Answer:

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organisations. ... Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation

Answer 2

Answer:

Accounting is the process by where a company's financials are recorded, summarized, analyzed, consulted and reported on. Bookkeeping is the recording part of this process, in which all of the financial transactions of the business (consisting of income and expenses) are entered into a database.