Wednesday, July 14, 2010

ACCOUNTING VERSUS ACCOUNTANCY

ACCOUNTING VERSUS ACCOUNTANCY

The two words "Accounting" and "Accountancy" are often used to mean the same thing. But it not correct Accountancy is the main subject(Accounting is one of its branches. The word "Accountancy tar extensive; i-e. the scope of accountancy is far wide .and extensive compared to Accounting. It covers entire body of theory and practice, e.g. Book-keeping, Accounting, costing, auditing, Taxation etc.

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