Is
1. Identify the correct statement expressing
relationship between bookkeeping and
accounting ?
Answers
Answered by
0
Answer:
Book keeping is the art of recording business transaction
Accounting is the art of recording, classifying and summarising the transaction
Answered by
0
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.
Similar questions