what is the relationship between accounting, account and accountancy
Answers
Answered by
2
Answer:
accounting is a method of a counting of money
account is the name of the business organization etc. started by owner
accountancy is the study of accounting
Answered by
42
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.
Similar questions