The difference between book keeping and accounting is that while
-
A.
book keeping interprets data, accounting records it -
B.
book keeping is regarded as the language of the business accounting ascertians its strength and weakness -
C.
book keeping records data accounting interprets it -
D.
book keeping summaries information accounting communicatesit
Correct Answer: Option 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.