Bookkeeping and accounting are one and the same thing
Asked by admin @ in Accountancy viewed by 569 People
Book Keeping and accounting are one and the same thing true or false with reason
Asked by admin @ in Accountancy viewed by 569 People
Book Keeping and accounting are one and the same thing true or false with reason
Answered by admin @
Answer: False
Explanation: 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. Bookkeeping and accounting may appear to be the same profession to an untrained eye.
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