Difference Between Bookkeeping And Accounting
What is the difference between bookkeeping and accounting?
|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|