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