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About Us

I am providing teaching service since 2009 to all students of D.com, B.com M.com, DBA, BBA, MBA and BS-Commerce. 

I develop this blog to facilitate commerce students by providing theoretical as well as Numerical data in easy and understandable way with examples of daily life.

This site is best for Accounting knowledge

If you have any query regrading Site, Advertisement and any other issue, please feel free to contact at qha333@gmail.com

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Distinction between Financial accounting and Cost and Management accounting

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Definition of Accounting

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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...
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