Question

What is a diffrrence between account and accounting?

Answer 1

Account refer to the ledger accounts of the business.

Accounting refers to the identification, classification, measurement, recording, posting, summerizing, interpreting and communicate of transactions in the business.


2// Account is the part of accounting..

Accounting has wider in scope.


3// Account include the name of the accountant.

Accounting doesn't include any name of anyone.

4// Account has two sides debit credit

Accounting include both single as well as double entry system.


5// Account is used to post the transactions.

Accounting include process for recording transactions..