Answer to Question #261156 in Accounting for nicole

Question

Topic: Accounting Books

Directions: Research for and supply the question which follows. You may input 2-3 sentence/s for the question asked.

 

How will you differentiate accounting from bookkeeping? 

Answer 1

Bookkeeping is involved with recording financial transactions and is more transactional and administrative in nature. Accounting is more subjective, providing you with insights into the financial health of your company based on accounting data.