Home
Class 11
ACCOUNTS
Give one point of distinction between Bo...

Give one point of distinction between Book-keeping and accountancy.

Text Solution

Verified by Experts

The main objective of book-keeping is to maintain systematic record of business transactions whereas the main objective of accounting is to ascertain profit or loss and the financial position of the business.
Promotional Banner

Topper's Solved these Questions

  • MEANING AND OBJECTIVES OF ACCOUNTING

    DK GOEL|Exercise OBJECTIVE TYPE QUESTIONS|2 Videos
  • MEANING AND OBJECTIVES OF ACCOUNTING

    DK GOEL|Exercise OBJECTIVE TYPE QUESTIONS (choose the best alternate)|15 Videos
  • MEANING AND OBJECTIVES OF ACCOUNTING

    DK GOEL|Exercise HIGHER ORDER THINKING SKILLS (HOTS) QUESTIONS|20 Videos
  • LEDGER

    DK GOEL|Exercise HIGHER ORDER THINKING SKILLS (HOTS) QUESTIONS|8 Videos
  • Origin of Transactions : Source Documents of Accountancy

    DK GOEL|Exercise VERY SHORT ANSWER QUESTIONS|7 Videos

Similar Questions

Explore conceptually related problems

Give two points of distinction between charge and mass.

Give two points of distinction between atom and molecule.

Give the main points of distinction between boiling and evaporation.

Give one important point of distinction between magnetism and electricity?