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Book-keeping and accounting are one and the same thing. |
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Answer» Bookkeeping is an indispensable subset of accounting. Bookkeeping refers to the process of accumulating, organizing, storing, and accessing the financial information base of an entity. Accounting is much broader, going into the realm of designing the bookkeeping system, establishing controls to make sure the system is working well, analyzing and verifying the recorded information. Accountants give orders bookkeepers follow them. |
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