Overview Of Accounting And Accountants



When you are first starting, the only form of accounting you'll ever meet would probably be record-keeping and bookkeeping. This is the part where you record the sales you've received and the expenses you have made using receipts, invoices, cheques and other transactions source documents.



Firstly, what is accounting?



For most people, accounting does not concern them because they think of it as a laborious activity performed by people who are 'good with numbers'. Accounting is often confused with the narrow concepts of record-keeping and bookkeeping.



Accounting of course is much broader than that. "Accounting is the system that measures business activiti...
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