Bookkeeping is only one aspect of accounting and involves the recording of routine,day-to-day business transactions.

Name: Bookkeeping is only one aspect of accounting and involves the recording of routine,day-to-day business transactions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The terms accounting and bookkeeping are often mistakenly used interchangeably.Much narrower and far more mechanical than accounting,bookkeeping is typically limited to the routine,day-to-day recording of business transactions.

Bookkeeping Is Only One Aspect of Accounting and Involves the Recording