Accounting Vs. Bookeeping
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Title: Accounting Vs. Bookeeping

Essay Details:

Subject: Business
Author: Rachel G
Date: February 3, 2011
Level: University
Grade: A
Length: 2 / 554

Essay text:

The person who knows WHY will always be his boss." A bookkeeper knows "how," but an accountant or sophisticated user of financial statements knows "why." Now, as we delve deeper into the differences between accounting and bookkeeping we must keep in mind that to be a successful accountant you must be a successful bookkeeper. Bookkeeping is the process of recording and summarizing the economic transactions of an entity. Entities use bookkeeping because it provides organized and accurate information about their financial transactions. Bookkeeping is closely linked to accounting but it deals mainly with recording information...

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