Difference Between Bookkeeping and Accounting

Difference Between Bookkeeping and Accounting: Bookkeeping is mainly to record the transactions. Whereas, accounting is related to summarizing the recorded transactions to get the net results.

Difference Between Bookkeeping and Accounting: Bookkeeping is mainly to record the transactions. Whereas, accounting is related to summarizing the recorded transactions to get the net results.

This article is focused on Ledger Account and types of ledger account. A ledger account is a journal that has all the information about the financial transactions and statements of a business or a company.

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