Chapter: 11th Accountancy : Chapter 2 : Conceptual Framework of Accounting
Relationship among Book-keeping, Accounting and Accountancy
Book-keeping is part of Accounting.
Relationship among Book-keeping,
Accounting and Accountancy
Book-keeping
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.
Study Material, Lecturing Notes, Assignment, Reference, Wiki description explanation, brief detail
11th Accountancy : Chapter 2 : Conceptual Framework of Accounting : Relationship among Book-keeping, Accounting and Accountancy |
Related Topics
11th Accountancy : Chapter 2 : Conceptual Framework of Accounting