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Difference Between Bookkeeping And Accounting
difference between bookkkeeping and accounting

Difference Between Bookkeeping And Accounting

Bookkeeping and accounting are both essential for managing business finances, but they perform different functions. Bookkeeping focuses on recording daily financial transactions such as sales, purchases, receipts, and payments. Accounting uses those records to prepare financial statements, analyse business performance, calculate taxes, and support financial decision making. In simple words,
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