Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Bookkeeping and Accounting are synonymous terms.

user-image
Question added by Sara Naeem , Trainee Finance officer , Wah Brass Mill
Date Posted: 2016/03/05
Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

about me it is false                .

 

sisira kumara
by sisira kumara , Senior Accountant , Gulf Flag Co, Doha Qatar

False, because, book keeping is only one part of Accounting  

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

 

2. False 

Because keeping business notebooks are part of the accounting process followed by work and many long parts and stages

 

Mohamed Hakeem Meerashahib
by Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation

Although they both involve the process of recording the financial transactions of a business, bookkeeping and accounting are two different terms.

Bookkeeping is the process of recording, in chronological order, the daily transactions of a business entity. It forms part of the accounting information system.

On the other hand, accounting is an information system – includes the process of recording, classifying, summarizing, reporting, analyzing and interpreting the financial condition and performance of a business – in order to communicate it to stakeholders for business decision making.

Accountants give orders; bookkeepers follow them.

 

Mainly, Accountant works with Balance Sheet, Profit & Loss Account and Cash Flow Statement while Bookkeeper work with Journal and Ledgers

IMRAN ALI MOHAMMED
by IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

The answer is FALSE.

 

Although Book-keeping and Accounting is inter-related but Book-keeping is a just a part of Accounting while Accounting has a wider role. 

 

The word Book-keeping or Book-Keeper is rarely used now-a-days. One more difference between them is a Book-keeper cannot be a Accountant but a Accountant can be both at the same time.

 

 

Rehan Qureshi
by Rehan Qureshi , Financial Consultant , Self Employeed

it is False.........................

Anas Touqan
by Anas Touqan , مدير قسم المحاسبة , شركة التكامل الغذائي للتجارة والتسويق

False ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 

 

Mohammad Iqbal Abubaker
by Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator

I agree with the answer given by sisira kumara   Senior Accountant.

Muhammad Moeen Bhatti
by Muhammad Moeen Bhatti , Cluster Incharge , Premier DLC - A project of Beaconhouse Group

answer is false.............................................

Ahmad Alhusainy
by Ahmad Alhusainy , Customer Service , National Bank Of Kuwait - Nbk

it's false ofcourse, diploma can get that job, as for accountant is for bachelor, that's my bro job title and he is diploma

Fathi Matbaq
by Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries

Obviously the answer is false.

 

More Questions Like This