Book Keeping is the Recording Branch of Accountancy. Accountancy includes Book Keeping and classifying,interpreting and summarizing of the business transactions.

Not a Subfield of Accounting: Book-keeping

Book-keeping is not a subfield of accounting. It is a part of the accounting process, but it is not a separate subfield. It is the process of recording financial transactions and maintaining records of all financial transactions of a company.

Subfields of Accounting

There are several subfields of accounting, which are as follows:

1. Financial Accounting: It is a subfield of accounting that deals with the preparation of financial statements such as balance sheets, income statements, and cash flow statements.

2. Management Accounting: It is a subfield of accounting that deals with providing financial information to the management of a company for making effective business decisions.

3. Cost Accounting: It is a subfield of accounting that deals with the measurement, analysis, and reporting of costs of a product, service, or process.

Conclusion

Book-keeping is not a separate subfield of accounting but a part of the accounting process. The subfields of accounting are financial accounting, management accounting, and cost accounting.

Not a Subfield of Accounting: Book-keeping

Book-keeping is not a subfield of accounting. It is a part of the accounting process that involves recording and organizing financial transactions in a systematic manner. Bookkeeping is the foundation of accounting, but it is not a separate field of study or practice.

Subfields of Accounting:

1. Financial Accounting:

Financial accounting is the branch of accounting that deals with the preparation of financial statements for external users like investors, creditors, and regulators. It involves the recording of financial transactions, preparation of income statements, balance sheets, and cash flow statements.

2. Management Accounting:

Management accounting is the branch of accounting that deals with providing financial information to internal users like managers, executives, and employees. It involves the preparation of budgets, forecasts, cost-volume-profit analysis, and other financial reports that help management make informed decisions.

3. Cost Accounting:

Cost accounting is the branch of accounting that deals with analyzing, recording, and controlling the costs of production. It involves the calculation of the cost of goods sold, inventory valuation, and cost allocation to products and services.

Conclusion:

Book-keeping is a part of the accounting process, but it is not a separate subfield of accounting. The main subfields of accounting are financial accounting, management accounting, and cost accounting.