Q.6 Difference between Bookkeeping and Accounting. बहीखाता पद्धति और लेखांकन में अंतर लिखिए।
Ans:
| Basis of Difference | Book-keeping | Accounting |
| Nature | It is concerned with identifying financial transactions; measuring them in monetary terms; recording and classifying them. | It is concerned with summarizing the recorded transactions, interpreting them and communicating the results. |
| Objective | It is to maintain systematic records of financial transactions. | It aims at ascertaining business income and financial position by maintaining records of business transactions. |
| Function | It is to record business transactions. So its scope is limited | It is the recording, classifying, summarizing, interpreting business transactions and communicating the results. Thus its scope is quite wide |
| Basis | Vouchers and other supporting documents are necessary as evidence to record the business transactions | Book-keeping works as the basis for accounting information. |
| Level of Knowledge | It is enough to have elementary knowledge of accounting to do bookkeeping | For accounting, advanced and in depth knowledge and understanding is required. |
| Relation | Book-keeping is the first step to accounting. | Accounting begins where bookkeeping ends. |