Accounting and Bookkeeping Confusing Terms!!
Numerous people erroneously consider accounting and bookkeeping to be the same thing. This disarray is justifiable on the grounds that the bookkeeping procedure incorporates the accounting capacity, yet is only one piece of the accounting process. The bookkeeper makes reports on the orders of Accountants. from the recorded budgetary recorded by the accountants and records structures with government organizations.
Accounting is a vast and broader term than Bookkeeping or you can say bookkeeping is a subset of accounting.
Definition of Bookkeeping: Bookkeeping refers in the main to the record-keeping aspect of accounting, it's primarily the method of recording all the data concerning tha transactions and monetary activities of business.
Definition of Accounting: Accountancy goes into the relam of planning the accountancy system, establishing controls to create certain the system is functioning well, and analyzing and confirming the recorded info.
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