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Difference between book keeping, accounting and …

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Difference between book keeping, accounting and accountancy

Posted by Ritesh Arora 6 years, 10 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 6 years, 10 months ago

Bookkeeping	Accounting
Bookkeeping is an activity of recording the financial transactions of the company in a systematic manner.	Accounting is an orderly recording and reporting of the financial affairs of an organization for a particular period.
It is the subset of accounting.	It is regarded as the language of business.
Bookkeeping does not reflect the financial position of an organization.	Accounting clearly shows the financial position of the entity.
Journal and Ledgers	Balance Sheet, Profit & Loss Account and Cash Flow Statement

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CBSE > Class 11 > Accountancy

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