Book- keeping and accounting are one and the same thing.

True

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False

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Solution

The correct option is B False
There are two parts of Accountancy
1. Bookkeeping - It is concerned with recording, classifying financial data.
2. Accounting - It is concerned with summarizing, analyzing, interpreting and communicating financial data.

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Book- keeping and accounting are one and the same thing.

The correct option is B FalseThere are two parts of Accountancy1. Bookkeeping - It is concerned with recording, classifying financial data.2. Accounting - It is concerned with summarizing, analyzing, interpreting and communicating financial data.

The correct option is B False
There are two parts of Accountancy
1. Bookkeeping - It is concerned with recording, classifying financial data.
2. Accounting - It is concerned with summarizing, analyzing, interpreting and communicating financial data.