Tag Archives: #FinancialFusion

Book keeping and Accountancy difference

Bookkeeping v/s Accountancy

Bookkeeping v/s Accountancy Bookkeeping v/s Accountancy, Bookkeeping can be accomplished without relying on QuickBooks or any other accounting software, while still maintaining its distinctiveness: 1. Scope: Bookkeeping primarily focuses on recording and organizing financial transactions, such as recording sales, purchases, payments, and receipts. It involves maintaining accurate and detailed records of these transactions using journals, ledgers,… Read More »

Q10.26 Interchange of bookkeeping and accountancy: The term book keeping and Accountancy can be used interchangeably ?

Book keeping and accountancy in Marathi

 Interchange of bookkeeping & accountancy Interchange of bookkeeping and accountancy Website link Interchange of bookkeeping and accountancy: While bookkeeping and accountancy are related fields within the realm of financial management, they are not interchangeable terms. They refer to distinct activities and have different scopes of work. Bookkeeping primarily involves the systematic recording, organizing, and maintaining… Read More »

Do accountants do bookkeeping?

Accountants role in bookkeeping

Do accountants do bookkeeping Yes, accountants can perform bookkeeping tasks as part of their responsibilities. While bookkeeping and accounting are distinct roles, there can be overlap between the two. Accountants have the knowledge and skills to handle bookkeeping tasks, but their expertise extends beyond basic record-keeping. To visit https://www.incometax.gov.in In some cases, accountant may choose… Read More »