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Differences Between book Keeping and Accountancy

09 Jan 0 0

Bookkeeping involves the systematic recording, storing, and retrieving of financial transactions. It's more about data entry and maintaining accurate financial records.

Accountancy encompasses a broader scope, involving the interpretation, analysis, and summarization of financial data. Accountants use the information recorded by bookkeepers to generate reports, provide insights, and make financial decisions. Essentially, accounting involves understanding and communicating the financial health of a business or individual.

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