Which statement best describes bookkeeping?
A) Bookkeeping involves understanding and interpreting sophisticated accounting systems to classify financial information.
B) Bookkeeping involves developing sophisticated accounting systems.
C) Bookkeeping is a process that requires extensive training.
D) Bookkeeping is a broader term than accounting.
E) Bookkeeping is much more mechanical than accounting.

Question

Quizplus · Accepted Answer

Much narrower and far more mechanical than accounting, bookkeeping is typically limited to the routine, day-to-day recording of business transactions. Bookkeepers are responsible for obtaining and recording the information that accountants require to analyze a firm's financial position.

Which Statement Best Describes Bookkeeping