The difference between book keeping and accounting is that while
- book keeping interprets data, accounting records it
- book keeping is regarded as the language of the business accounting ascertians its strength and weakness
-
book keeping records data accounting interprets it
- book keeping summaries information accounting communicatesit
The correct answer is: C
Explanation
In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.