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Objective of Accounting These following are the main objectives of accounting. To keep systematic record of all business transaction It...

Book keeping and accountancy practically mean the same. However, they are different due to the following reasons. Book-keeping Bookkeeping is...

Book-keeping is the branch of knowledge, which tells us how to keep financial transactions. Each business deals a number of...

Accounting is the management of the transactions and records which can also be done through the book-keeping method. Accounting is...