What Is The Difference Between Book Keeping, Accounting And Accountancy?
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Book keeping is defined as the process through which all the financial transactions done by a company or individual and recorded. It is simply to keep record of everything that is sold, bought, owed, owned by a company and it also includes the money that comes in and the one that goes out. Whereas Accounting and Accountancy are the same thing. They refer to the process of measurement, statement and provision of assurance of financial information. This information is further used by institutions such as lenders, managers, investors etc. Bookkeeping is a part of accounting.
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