Question

what is bk and accountancy​

Answer 1

Answer:

bk means bookkeeping

Explanation:

Bookkeeping is concerned with the recording of financial transactions whereas accounting involves recording, classifying and summarizing financial transactions.

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.

Answer 2

Answer:

book keeping is concerned with the recording of financial transactions where as accounting involves recording classifying summarizing financial transactions