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Difference between Book Keeping and accounting

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Difference between Book Keeping and accounting

Posted by Harsh Kumar 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Ritesh Arora 6 years, 10 months ago

* SCOPE : Book keeping is concerned with identifying, financial transaction, measuring them in money terms, record them in books of accounts and classifying them. But accounting is concerned with summarising , interpreting and communicating the results therefore. * STAGE : Book keeping is a primary stage But Accounting is a secondry stage *NATURE OF JOB : Book keeping job is routine in nature but Accounting job is analytical and dynamic in nature

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