Question

Write the difference between book-keeping and accounting?
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Answer 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. ... Read this article to understand the major differences between bookkeeping and accounting.

Explanation:

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Answer 2

Answer:

Here is your answer

Explanation:

Accounting is the process by where a company's financials are recorded, summarized, analyzed, consulted and reported on. Bookkeeping is the recording part of this process, in which all of the financial transactions of the business (consisting of income and expenses) are entered into a database.

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