Question

Short Answer Type
1. What do you mean by Book-keeping?
2.
What is meant by Accountancy?
3. Give any four differences between Book-keepin
Long Answer Type
1.
Whatis Book-keeping? Explain its main objecti
Keeping and Accountancy?
2. Explain clearly, the meaning of Book-keeping
relation between them.
3. Explain the meaning and process of Accounting
4. Explain the term 'Accounting' and discuss its im
5. What are the limitations of Accounting (Financi
6. What is the difference between Rool T​

Answer 1

Answer:

A lot of people think the two roles are the same, however, the term bookkeeping refers to recording financial transactions and activities on a daily basis. It's a subset of accounting which requires the following jobs to be done in order to build a financially stable business: Recording financial transactions.