Question

what is accountancy? what is difference in accountancy and book keeping?

Answer 1

Accountancy - It is a body of knowledge prescribing certain rules or principles to be observed while recording , classifying and summarising of transactions.

BOOK KEEPING - - - - -
⇒ Identifying the transactions of financial nature.
⇒Measuring the identified transactions in terms of money.
⇒Recording the measured transactions
⇒Classifying them the ledger.
⇒It is performed by junior Staff.
⇒Does not requires analytical staff.
Accountancy - - - - - -
⇒ Summarising the classified transactions in the form of Profit - Loss Account and Balance  Sheet. 
⇒Analysing and Interpreting the summarised results.
⇒Communication the information to the interested parties.
⇒It is performed by Senior Staff.
⇒Requires analytical staff.

Answer 2

Answer:

the profession or duties of an accountant.

clerical

Explanation:

Accounting, also known as, accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.

Bookkeeping is clerical in nature. The bookkeepers do not require any special knowledge or skill. Accounting requires the skills of an accountant and knowledge of various accounting practices and policies. The financial statements are not a part of the bookkeeping process.v