Relationship among Book-keeping,
Accounting and Accountancy
is part of Accounting. It is the primary stage in accounting. It is the process
of recording transactions in the books of accounts. Accounting is part of
Accountancy. Accounting is the process of reording, classifying, analysing and
interpreting of financial data. Accountancy is the systematic knowledge of
accounting process and contains the standards, principles, policies and
procedures to be followed in accounting.