Q10.20 Comparing bookkeeping and accounting: Is bookkeeping and accounting the same thing ?
Comparing bookkeeping and accounting Website link Comparing bookkeeping and accounting No, bookkeeping and accounting are distinct entities, albeit closely intertwined. Bookkeeping is a subset of accounting and refers to the systematic process of recording, organizing, and maintaining financial transactions of a business. It involves tasks such as recording transactions in journals, posting entries to… Read More »