what is difference between bookeeping and accounting?

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what is difference between bookeeping and accounting?

2007-11-05 03:04:22 · 3 answers · asked by Bilal a 1 in Business & Finance ➔ Taxes ➔ Australia

3 answers

Bookkeeping is essentially data entry of financial transactions. Accounting is making sense of it all in reports prepared for interested individuals such as bankers, investers, managers, IRS ect.

2007-11-05 05:38:17 · answer #1 · answered by Anonymous · 1⤊ 0⤋

Bookkeeping is kind of a corner of accounting and involves entry of transactions. Accounting is more global and includes reporting and analysis

2007-11-05 11:17:50 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

See if you can get help here
http://futureaccountant.com/

2007-11-06 10:07:52 · answer #3 · answered by krishbhavara 6 · 0⤊ 0⤋