Bookkeeping or Accountancy
Bookkeeping or Accountancy: Yes, bookkeeping is a fundamental part of accounting. It involves recording and organizing financial transactions, maintaining financial records, and ensuring accuracy and completeness of financial data.
Bookkeeping provides the foundation for accounting processes such as preparing financial statements, analyzing financial performance, and facilitating tax compliance. In essence, bookkeeping is a subset of accounting that focuses on recording and classifying financial transactions.
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