Distinguished between book keeping and accounting
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*BOOK KEEPING*
the activity or occupation of keeping records of the financial affairs of a business.
*ACCOUNTING*
Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business.Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.
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*BOOK KEEPING*
the activity or occupation of keeping records of the financial affairs of a business.
*ACCOUNTING*
Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business.Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.
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Bookkeeping is the recording of day to day transactions, and is part of the process of accounting.
Whereas, Accounting is the recording, organizing and interpretation of data in a systematic order and understandable format
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