Bookkeeping is part of accounting,but accounting goes far beyond the activities involved in bookkeeping.

Question

Quizplus · Accepted Answer

Bookkeeping involves recording financial transactions, while accounting involves interpreting and analyzing financial data, preparing financial statements, and providing insights and recommendations for business decisions. Accounting is a broader field that encompasses bookkeeping as well as other activities related to financial management.

Bookkeeping Is Part of Accounting,but Accounting Goes Far Beyond the Activities