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Bookkeeping is the recording of financial transactions.transaction include sales,purchases,income,receipts and payments by an individual or organization.bookkeeping is usually performed by a bookkeeper.many individuals mistakenly consider bookkeeping and accounting to be the same thing.this confusion is understandable because the accounting process includes the bookkeeping function,but is just one part of the accounting process.
1.the accountant creates report from the recorded financial transactions recorded by by the bookkeeper and files forms with government agencies.there are some common methods of bookkeeping such as the single -entry bookkeeping system and
the double-entry bookkeeping system.but wile these systems may be seen as "real"bookkeeping.any process that involves the recording of financial transactions is a bookkeeping process.
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