what are the difference between bookkeeping and accounting ?
Answers were Sorted based on User's Feedback
Answer / shiak mohammed
Book keeping is only the recording of financial data that a
firm or organisation incurrs on a daily basis, it doesnt
give net financial position of a firm or organisation at a
particular point of time.
Whereas accounting is a system where organisation both
records and has the net result of the financial activities
during the accounting year.
| Is This Answer Correct ? | 17 Yes | 4 No |
Answer / satyaki_raju@yahoo.com
it is the recording phase of business transactions in a
significant and orderly manner.
Accounting is the art of recording, classifying and
summarising in a significant manner and in terms of money,
transactions and events which are,in part atleast,of
afinancial character and interpreting the result there of
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sirisha
Bookkeeping is procedural and is largely concerned with
development and maintenance of accounting records,it is
the "how" of accounting.
Accounting is conceptual.It is concerned with the "why",
reason or justification for any action adopted.
| Is This Answer Correct ? | 7 Yes | 3 No |
what is account & what is finance
EXPAND___________NSDL
Principles of accounting with atleast one example for each.
wat is finance?
what is depriciation
explain different reporting methods of tally.
Gross Profit Margin ?
Short Answer on ______Amortization
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
EXPAND______________OCC
what is derivative?
7 Answers Angel Broking, Capital IQ,
WHAT DO U MEAN BY REPO RATE???
18 Answers LN, Punjab National Bank, State Bank Of India SBI,