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Education O'/N' Level Principles of Accounts

Difference Between Bookkeeping And Accounting

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…

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