What is the difference between accounting and accountancy?

Accounting refers to the process of maintenance of financial records of a company. Accountancy refers to the duties of an account in a company.

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<p dir="ltr">Accounting generally refers to the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization.&nbsp;</p><p dir="ltr">On the other hand, Accountancy is a broader term that encompasses the entire profession and body of knowledge related to Accounting. It refers to the practice of accounting as a profession, including the principles, standards, regulations, and ethical considerations that govern the field.&nbsp;</p>

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