1.

Accounting and Book-keeping are viewed as distinct functions. Mention any four differences between Accounting and Book Keeping.

Answer»
Book - KeepingAccounting
1. It is concerned with the presentation of primary books  of accountancy1. It deals with the recording, analysis and final interpretation of data.
2. It has limited scope2. It has a wider scope.
3. In book-keeping, the level of work is less. This work is done by junior staff.3. The level of work is high.
4. It does not show the net result and financial position of the business4. It shows the profit of the business and the net worth of the business.



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