What's The Difference Between Accountany And Book-keeping?

Book keeping is a proper & systematic keeping of books of accounts.it starts form the identification of transaction.each transaction must be supported by evidences n these must be financial in nature.eg.selling goods for cash is aa accounting transaction,b'coz cash is received n goods are going outside the business, the transaction will increase cash n reduce goods.it will affect the finance of the buisness.there is also a documentary proof of the transaction b'cozcash memo must have been issued for sale.after identification the book keeper record the transaction in proper books of accounts

Accounting on the other hand is an art of identifying ,classifying,recording,summarising and interpreting business transactions of financial nature.it is a wider concept than book keeping.book-keeping is a part of accountancy.

Accounting is concerned with the initial records ,ledger accounts,trial balance and also with the prepration of financial statements to ascertain profit n loss of the business.the value of assets n liabilities are also reported .the results of the business are also integrated in terms of ratios n statements.book keeping is initial n integral part of accounting is restricted to initial records i.e.journal,subsidiary books,ledger n trial balance.both are complementary and supplementary to each other.accounting depends on book keeping.in book keeping ,accounting concepts n conventions are followed. but methods of reporting and interpretation may vary from firm to firm.

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