CALVINDOL
VIP Contributor
Accounting and bookkeeping in business absolutely have a contractual relationship with each other that is why majority of individuals who go into tertiary institutions and educational organisations to have a degree in accounting end up also having a degree in bookkeeping is because the line between being an accountant and being a bookkeeper is absolutely very thing . And also in some school of thoughts it is assumed that before you understand accounting you must also understand bookkeeping . As we already know accounting simply his day analysing and interpreting of business books of account in order to know whether the business is absolutely running on a profit or running on a loss on the other hand bookkeeping involves the keeping in orderly arranged manner the books of account so that a particular account or books of account could be easily refer to and retrieved when needed or asked for .
Personally I have been to many business organisations will bookkeeping and accounting and never practiced that is why majority of businesses or business Enterprises that behave in this manner end up shutting down and going bankrupt because they are unable to track their profit or their losses . Bookkeeping and accounting absolutely plays a very important role in the life of a business . For a certainty it could also help you to know when a debt is absolutely dude and went to repair a particular known collected by the business .
Personally I have been to many business organisations will bookkeeping and accounting and never practiced that is why majority of businesses or business Enterprises that behave in this manner end up shutting down and going bankrupt because they are unable to track their profit or their losses . Bookkeeping and accounting absolutely plays a very important role in the life of a business . For a certainty it could also help you to know when a debt is absolutely dude and went to repair a particular known collected by the business .