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Introduction to Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountIntroduction to Accounting1 Mark
Question
Give one point of distinction between Book-keeping and Accountancy.
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Answer

The main objective of book-keeping is to maintain systematic record of business transactions whereas the main objective of accounting is to ascertain profit or loss and the financial position of the business.

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