Distinction between Book-keeping and Accounting

S.No	Book-keeping	Accounting
1	It is the recording phase of an accounting system	It is the summarizing phase of an accounting system
2	It s the basis of accounting	It s the basis for business language
3	Persons responsible for bookkeeping are called book-keeper	Persons responsible for accounting are called accountants
4	It does not require any special skill or knowledge	It requires special skill and knowledge
5	Personal judgments of the bookkeeper is not required	Personal judgments of the accountant is essential
6	Financial statements are not prepared from bookkeeping records	Financial statements are prepared from accounting records.
7	It does not give the complete picture of the financial condition of the business unit	It gives the complete e picture of the financial  condition of the business unit
8	It does not provide any information for taking managerial decisions	It provides information for taking managerial decisions
9	It has no branch	It has several branches, e.g. financial accounting, cost accounting and management accounting