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Bookkeeping vs Accounting: What’s the Difference? How Should You Choose?

LyfeAccounting

So today, I’m going to give you three simple points that you should know about bookkeeping vs accounting. Bookkeeping vs Accounting: What’s the Difference? Defining Accounting and Bookkeeping. Technically, the definition of bookkeeping is the activity or occupation of keeping records for financial affairs of a business.

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Top 10 Common Accounting Interview Questions with Answers

Simple Accounts

Also, the lessons learned in accounting and finance subjects are highly relatable to daily life too. . How do you define accounting in your words and what are the different types of accounting? . As you are asked for your words, try to explain accounting in the way you conceived it. . What is balance sheet?

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