Multiple choice

Which of the following does not support the difference between bookkeeping and accounting?

  1. Recording and maintenance of books of accounts

  2. Ascertainment of accounting information

  3. Responsibility

  4. Supervision

  5. Basis for accounting
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Bookkeeping does not ascertain accounting information. It only provides a basis for ascertaining. Bookkeeping is the primary stage and accounting is the secondary stage.

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