Difference between Bookkeeping and Accounting
Jennifer edwards There is certainly a difference between bookkeeping and accounting as the bookkeeping is the subset of accounting. Bookkeeping refers to recording all the transactions that are made within a business.…
Bookkeeping
Maintaining the record of financial transactions and financial day to day business activities is called bookkeeping. The basic purpose of bookkeeping is to maintain the financial records of a business…
Parties Interested in Accounting Information
Rubab Ali Parties Interested in Accounting Information: Learning Objectives: Explain, who may be interested in accounting information of a company or firm? Name the parties interested in accounting information and state their…
Double Entry System of Bookkeeping
Abida Rehman Double Entry System of Bookkeeping: Learning Objectives: Define and explain double entry system of book-keeping. What are the advantages and disadvantages of double entry system of book-keeping? The double entry…
Definition and Explanation of Bookkeeping
Definition and Explanation of Bookkeeping: Learning Objectives: Define and explain the term bookkeeping. The work book or books mean books of accounts and keeping implies maintaining in proper form and…
Bookkeeping Versus Accounting
Shamsa Rafique Bookkeeping Versus Accounting: Learning Objectives: What is the difference between bookkeeping and accounting? There is some confusion over the difference between bookkeeping and accounting. This is due to the fact…
Definition and Explanation of Single Entry System
Definition and Explanation of Single Entry System: Learning Objectives: Define and explain single entry system of bookkeeping. What are limitations of single entry system of accounting It is difficult to…