Question

Q7. Differentiate between Book- keeping and Accountancy.​

Answer 1

Answer:

According to Inc., bookkeeping is the process of recording daily transactions in the financial records of the company. whereas analyze information prepared by bookkeepers to create statements, financial metrics, and reports that provide insights about the company’s operations.

Answer 2

Answer:

Book keeping is a small term.

it does not require any special knowledge.

book keeping is done by small accountants or fresher's.

book keeping means to recording of business transaction in a books of accounts

accountancy is a wide term.

accountancy starts where book keeping ends.

it is the secondary stage .

In this accountants require posses anayaltical skill