Difference Between Bookkeeping And Accounting

Bycalebho

What is the difference between bookkeeping and accounting?

Accounting

Bookkeeping

Accounting is the process of recording, summarising, reporting, analysing and interpretation of financial information.Book-keeping is part of the accounting process. It involves the process of recording accounting data according to set rules. 
Role of accounting is to communicate financial information for decision-making purposes. Role of book-keeping is to ensure a systematic and accurate recording of business events

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