the base of book keeping and accountancy
Answers
Answered by
1
Answer:
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.
akshatchaturvedi55:
thnku so much
Answered by
3
Bookkeeping is concerned with the recording of financial transactions whereas accounting involves recording, classifying and summarizing financial transactions. ... The Bookkeeping is the base for accounting.
Similar questions