The difference between book keeping and accounting is tha...
The difference between book keeping and accounting is that while
Book keeping interprets data, accounting records it
Book keeping is regarded as the language of the business accounting ascertians its strength and weakness
Book keeping records data accounting interprets it
Book keeping summaries information accounting communicates it
Correct answer is C
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.
The principal of double entry book-keeping is that ...
When closing stock is overstated, it would reduce, ...
The net profit or loss for the year is determined in profit and loss account after ...
Profit expressed as a proportion of cost price is known as ...
Which of the following is an example of direct expense? ...
Hardware in data processing refers to ...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...
Benefit enjoyed for which payments have not been made are? ...