Difference Between Book Keeping And Accounting With Meaning
Book keeping: Book-keeping is mainly concerned with the recording of financial data relating to the business operations in a significant and orderly manner. It is concerned with the permanent record of all transactions in a systematic manner to show its financial effect on the business. It covers procedural aspects of accounting work and includes record-keeping functions. It is the science and art of correctly recording in books of account all those business transactions that result in the transfer of money or money’s worth....