What is the difference between accounting and accountancy?
51 Views|2 Followers|Posted 7 years ago
Asked by Harbans Lal Mithu
2 Answers
Answered by
7 years ago
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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Answered by
a year ago
Accounting generally refers to the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization.
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 p
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