WRITEMEANINGOFTHEFOLLOWINGTERMS:
1.ACCOUNTANCY
2.ACCOUNTING
3.BOOK-KEEPING
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1).Accountancy is the practice of recording, classifying, and reporting on business transactions for a business.
2).Accounting is the process of recording financial transactions pertaining to a business.
3).Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business.
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