4 Easiest Definition of Book Keeping in Accounting | Difference Between Book Keeping And Accounting

 BOOK KEEPING 

 
Most people are confused that Book Keeping and Accounting are alternative terms. Though these are related terms but not alternate at all. The "Book" means the "The Books of Accounts" and "Keeping" means "maintaining them in proper form and order". Hence the Book Keeping is mainly concerned with the recording of business data in proper books. Book Keeping is defined as under: 
 
1- "Book-Keeping is an art of recording in books of accounts, transactions in money or money's terms." 
 
2- "The systematic recording of financial transaction of an enterprise is known as Book Keeping." 
 
3- “Book-keeping may be defined as an art of recording business transactions in terms of money under appropriate heads."  

4- "The systematic recording of financial transaction known as Book Keeping." 
 
From the above definitions, it is clear that Book-keeping and Accounting has not the same meaning. Accounting is much wider than Book-keeping. The difference between book keeping and accounting are explain below.

DIFFERENCE BETWEEN BOOK KEEPING AND ACCOUNTING 

 
The difference between Book-keeping and Accounting is summarized as under: 
 

Points of Difference	Book-keeping	Accounting
Scope of work	Book keeping is the first phase in accounting. It involves the recording of the business transaction in a prescribed manner.	Accounting is the next phase. it includes classification of the recorded data, summarizing the data preparation of statements, and, as certain the results.
Job Description	The job of bookkeeper is clerical nature	the job of an accountant is of technical nature
Knowledge and skill	the book keeper requires no professional knowledge. It is sufficient that he can write in the prescribed column.	Professional knowledge and skill are required for accountants
Decisions	The requirement ended by the bookkeeper serves as a base for the accounting process.	the accounting record is used to make decisions regarding business activities.

 
 

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4 Easiest Definition of Book Keeping in Accounting