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What is a key difference between accounting and bookkeeping?a)Accounting involves record-keeping; bookkeeping involves interpreting datab)Bookkeeping involves record-keeping; accounting involves interpreting datac)Accounting is only used by large businesses; bookkeeping is for small businessesd)Bookkeeping is an outdated practice; accounting is a modern practiceCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is a key difference between accounting and bookkeeping?a)Accounting involves record-keeping; bookkeeping involves interpreting datab)Bookkeeping involves record-keeping; accounting involves interpreting datac)Accounting is only used by large businesses; bookkeeping is for small businessesd)Bookkeeping is an outdated practice; accounting is a modern practiceCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is a key difference between accounting and bookkeeping?a)Accounting involves record-keeping; bookkeeping involves interpreting datab)Bookkeeping involves record-keeping; accounting involves interpreting datac)Accounting is only used by large businesses; bookkeeping is for small businessesd)Bookkeeping is an outdated practice; accounting is a modern practiceCorrect answer is option 'B'. Can you explain this answer?.

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