Have you ever been confused by such definitions “bookkeeping” and “accounting”? If you have, the below article will provide you with knowledge about that are the differences between the two and why each of them is so special.
Each and every business, whether big or small or even the smallest sole-owned business, must have a bookkeeping system in place. Nobody can avoid or escape this additional burden on them. But it is not a burden; it is a necessity!
This article explains the subject beginning accounting. It includes detail about the debit entries, credit entries, balance sheet, etc.