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Best Accounting & Book Keeping Services in Sharjah, Ras Al Khaimah and Dubai
Bookkeeping is mainly related to identifying, measuring, and recording, financial transactions.
Accounting is the process of summarizing, interpreting, and communicating financial transactions which were classified in the ledger account
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since a very long time accounting and Bookkeeping have been in existence and both fields have seen a drastic amount of change in the way the operations are carried out. This trend will continue in a similar fashion in the future too.
Management can't take a decision based on the data provided by bookkeeping
Basically there are two types of bookkeeping - Single entry and double entry bookkeeping.
The objective of bookkeeping is to keep the records of all financial transactions proper and systematic.
Depending on the data provided by the accountants, the management can take critical business decisions.
Financial statements are prepared during the accounting process.
Accounting requires special skills due to its analytical and complex nature.