Basic Functions of Accounting: Functions of Accounting involves the creation of financial records of business transactions, flows of finance, the process of creating wealth in an organization, and the financial position of a business at a particular moment in time. The progress & reputation of any business big or […]
Difference between Bookkeeping and Accounting
Difference between Bookkeeping and Accounting Most of the people are confused that bookkeeping and Accounting are the alternative terms. These are related terms but not alternative at all. The “Book” means the “books of Accounts” and “keeping” means maintaining them in proper form and order. Hence the book-keeping is mainly concerned with the recording […]