Explain the terms: Accounting, Accounts & Bookkeeping

November 20th, 2010 Comments off
Share |

The following terms are commonly used in the Accountancy profession:Accounting:

  • which is the process of collecting, recording, summarizing and communicating financial information.



  • are the records in which this information is recorded.


  • Bookkeeping is the keeping of the most basic records

{ click here to the Content Page on Introduction to Accounting }

Comments are closed now.

Financial Accounting


Advertise Here | Brain Teasers/Puzzles | Greeting Cards | Inspirational Quotes | Jokes/Humor | Useful Links | Motivational Stories | Resource | Shopping | Share/Express Your Views | Testimonials | Universities/Colleges | Words of Wisdom from Religions | FREE POSTING OF ACCOUNTING & FINANCE JOBS VACANCY|