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Exploring Day: May 16, 2022

Difference between accounting and bookkeeping

8 major differences between Bookkeeping and Accounting

Bookkeeping and Accounting are two poles apart important functions for every entrepreneur and business organization. In simple words, bookkeeping is keeping records of financial transactions of a business whereas accounting is the system of recording and summarizing business and financial transactions and analyzing, interpreting, classifying, verifying, summarizing, and reporting the financial data. Bookkeeping and accounting …

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