Before we proceed further, it is considered necessary that one should understand the difference between Book-keeping, Accountancy and Auditing:
- Book-keeping is an art of recording the business transactions in the books of original entry and the ledgers.
On the other hand accountancy means the compilation of accounts in such a way that one is in a position … Read more
Book keeping is the art of recording the transaction in the books of original entry and the ledgers. This work is usually performed by junior clerks who are sometimes called book keepers or account keepers. This work is less of mechanical nature and does not require any specialized knowledge of the principles of accountancy. The … Read more
