Book-Keeping should not be confused with accounting.The process of accounting begins where the book keeping process ends.I will do point wise discussion
Book-keeping Accounting
1. It is recording phase It is summarising phase
2. It is basis for accounting It is basis for business language
3. Persons responsible are called book-keepres Persons responsible are … Read more
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 … Read more
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 … Read more
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 … Read more