Question

Q1. what is meaning ,defination & process of accounting?
Q2. difference between boking & accounting

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

2) 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.

1)Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.

Explanation:

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