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Deference between book keeping and accounting ? |
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Answer» Book Keeping is concerned with identifying financial transactions and events; measuring them in money terms; recording them in the books of account and classifying them. While Accounting is concerned with summarizing the recorded transactions and events , interpreting them and communicating the results thereof. Bookkeeping include identify ,record , summarising the transaction where as they also include interpersonal of result and communicate to user abou the business |
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