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Relation between accountancy, accounting and book …

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Relation between accountancy, accounting and book keeping

Posted by Anki Singh 3 years, 5 months ago

CBSE > Class 11 > Accountancy

1 answers

Sia ? 3 years, 5 months ago

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.

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