What is the difference between accounting and accountancy?

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Fr Prashanth Reddy

Freelancer CA/CS/CMA/ACCA /B .com Classes

Accounting: To keep the record of each and every finance activity either in the ledger or journal form is called as accounting. It also depends on nature of business so accounting has the different meaning at a time. As it comprises distinct work. Here are the things that included in Accounting 1....
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Accounting: To keep the record of each and every finance activity either in the ledger or journal form is called as accounting. It also depends on nature of business so accounting has the different meaning at a time. As it comprises distinct work. Here are the things that included in Accounting 1. Record of business finance in a standard format to analyze business cash inflow and outflow status. 2. Bookkeeping records to define the lifecycle of a financial system and its resources. 3. A process which upgrade business activities in time and within budget costs. Accountancy : To summarize, classify and accordance of every financial activity into a system is known as accountancy. It includes: 1. It relates to reporting of accounting, bookkeeping, auditing etc. 2. Especially consider making reports on various distinct financial systems. read less
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Accounting means process of keeping records which is a narrow concept. Accountancy is having broader aspect than accounting. In fact accounting is a part of accountancy as like book keeping.
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Tutor

accountancy is moreover like bundled book of profession which describes the rules,regulation ,act,provisions,standards...etc. accounting is process of doing/preparing the a/c by following accountancy.
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Tutor

Accounting meanings process of keeping or maintaining financial records/Books of Accounts, while Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers.1 The communication is generally in the form of financial statements that...
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Accounting meanings process of keeping or maintaining financial records/Books of Accounts, while Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers.1 The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in selecting the information that is relevant to the user and is reliable. read less
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Accounting is a art recording,classifying and summarizing in a signified manner in term of money, transactions and events which are, in part at least of financial character and interpreting the results thereof. Accountancy refers to a systematic knowledge of accounting.
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Tutor

In short Accounting is the part of Accountancy .
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Faculty for Accounts and commerce

Accounting means recording of financial transaction. Accountancy means it is a branch of study on accounting.
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Change is the end result of all true learning

Accounting means recording, classifying, analyzing,summarising and interpreting.accounting provide information for internal users and external users . Accountancy means is application of accounting
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Accounting is a part of accountancy. Its is involved in that where records etc are maintain
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Accountancy for CBSE, ISC, PUC 11th/12th, BBA, BCom and MBA

Accounting is a process which comes under the preview of the subject 'Accountancy'. Book keeping, Analysis, interpretation and communication of Financial Performance are part of these.
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