Thursday 4 October 2018
Accounting and Bookkeeping
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| Activities involved in accounting |
✔Bookkeeping is the process of classifying,
recording and summarizing business
transaction.
✔Accounting is the process of classifying, recording and summarizing business
transactions in monetary units and interpreting the financial data of a business in
order to assist stakeholders in making decisions.
✔Bookkeeping
is the initial step in the accounting process,that
is part of the accounting
process.
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Activities involved in accounting ✔Bookkeeping is the process of classifying, recording and summarizing business transaction. ...
