ICSE Class 9 Answered
What do you understand by bookkeeping ? Distinguish between bookkeeping and accountancy.
Asked by vishalkumargupta880802 | 16 Jan, 2019, 10:16: PM
Expert Answer
Book-keeping refers to recording of all day to day financial transactions of the company. It provides reliable measure of performance of the company. Book-keeping is only part of the process of accounting of the company. So accounting is analysing, interpretation and summarizing the financial data.
Answered by Tharageswari S | 17 Jan, 2019, 10:05: AM
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