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Difference between book keeping or accounting?
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Difference between book keeping or accounting?
1. Book- keeping is primary stage while accounting is the secondary stage . Accounting starts where book - keeping ends .
2. The main objective of book - keeping is to maintain systematic records of transaction of financial nature while accounting's main objective is to ascertain the net results and financial position of the business and to communicate them to interested parties.
3. The book - keeping function is performed by junior staff Whereas the accounting function is performed by Senior staff.
2. The main objective of book - keeping is to maintain systematic records of transaction of financial nature while accounting's main objective is to ascertain the net results and financial position of the business and to communicate them to interested parties.
3. The book - keeping function is performed by junior staff Whereas the accounting function is performed by Senior staff.
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Difference between book keeping or accounting?
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Difference between book keeping or accounting? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Difference between book keeping or accounting? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Difference between book keeping or accounting?.
Difference between book keeping or accounting? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about Difference between book keeping or accounting? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Difference between book keeping or accounting?.
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