The difference between book keeping and accounting is tha...
The difference between book keeping and accounting is that while
Book keeping interprets data, accounting records it
Book keeping is regarded as the language of the business accounting ascertians its strength and weakness
Book keeping records data accounting interprets it
Book keeping summaries information accounting communicates it
Correct answer is C
In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.
Which of the following is not a debit entry on a sales ledger control account? ...
The rule of accounting equation requires that account payable should be placed under ...
Cost reports for the intention of management should reflect? ...
Bad debts written off is shown as ...
Which of the government serves as an input, storage and output device of a computer? ...