Tag Archives: #NumbersNavigate

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

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 »

Where book keeping ends accountancy begins?

Bookkeepings and Accountancy Bookkeepings and accountancy are closely related disciplines that work together to manage a business’s financial records and provide valuable insights for decision-making. While bookkeeping focuses on recording and organizing financial transactions, accountancy goes beyond that to analyze and interpret the financial data. Here’s where the transition from bookkeeping to accountancy occurs:… Read More »

Do accountants do 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 »

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