Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
Book Icon
Chapter 17.2, Problem 1TP
Summary Introduction

To determine: The difference in the jobs of accounting and bookkeeping.

Introduction:

Accounting is a process in which transactions are recorded, summarized, classified, analyzed and reported.

Bookkeeping is a process in which transactions are recorded.

Blurred answer
Students have asked these similar questions
Which is better a management accountant or a financial accountant? explain
Should a management accounting system provide both financial and nonfinancial information?
What is financial accounting? How does it differ from managerial accounting? Why is this important to know?
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning