ACCOUNTANCY - COMMERCEIETS

BOOK KEEPING AND ACCOUNTANCY

July 15, 2019 commerceiets No Comments

DIFFERENCE BETWEEN BOOK KEEPING AND ACCOUNTANCY Book-Keeping is an art and science of recording business transactions in a systematic and chronological order. It is a combination of two words: Book + Keeping. It means to keep the books of accounts to record all the financial transactions. It is concerned with identification of transactions and events,…

11 ACCOUNTANCY, FINANCIAL ACCOUNTING, KEY DIFFERENCES

DIFFERENCE BETWEEN ACCOUNTING AND ACCOUNTANCY

July 15, 2019 commerceiets No Comments

DIFFERENCE BETWEEN ACCOUNTING AND ACCOUNTANCY To understand the Difference Between Accounting and Accountancy, these both terms should be understood: Accounting refers to the mechanism of maintaining and keeping the records of the transactions and events and also its analysis and interpretation. It also includes the preparation of final accounts i.e. Trading and Profit and Loss…

11 ACCOUNTANCY, FINANCIAL ACCOUNTING, KEY DIFFERENCES