Business Studies, asked by yuvrajdhillon833, 10 months ago

scope of....is wider than book keeping​

Answers

Answered by palakdeshmukh2310
0

The first step to the accounting is bookkeeping. As far as the scope is concerned, accounting is much wider than bookkeeping as the latter is just a part of former.

Answered by Anonymous
0

The scope of accounting is wider than bookkeeping​.

  • The process of recording and maintaining accounting books forms a significant part of the accounting process.
  • A business's transactions and activities are identified and recorded and are then further utilized to make major business decisions.
  • Maintaining books forms just the initial step of accounting and is followed by analyzing the information and sharing it with its users for comparison and understanding.
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