Question

Is there any difference between Accounting and book keeping ??And if then what?​

Answer 1

Answer:Ys there is a diff between accounting and book keeping

Explanation:

Scope:book keeping identifies transactions of financial nature whereas accounting summarize the classified transactions

Stage:book keeping is a primary stage whereas accounting is a secondary stage

Objective: objective of book keeping is to maintain systematic record of transactions whereas accounting is to ascertain the net profit or loss

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