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Difference Between Book Keeping And Accounting (edit)
Revision as of 12:57, 10 April 2020
, 12:57, 10 April 2020no edit summary
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Bookkeeping means to identify, measuring, recording and classifying all business financial transactions in the books of accounts.|Accounting means to summarise, analyzing, interpreting and communicating the result of all business financial transactions to the owner or related parties in the form of financial statements.
The main object of the bookkeeping is to recording all business financial transactions in a systematic manner and keeping all documentation related to these transactions.|The main aim of the accounting is to get know and communicate about the growth or decline rate of the business for a particular period.