Auditics Private Limited Accounts & Finance Executive Interview Questions and Answers

Bookkeeping is the process of recording and organizing financial transactions of a business.

• Bookkeeping involves recording all financial transactions, such as sales, purchases, and expenses.

• It helps in maintaining accurate financial records and tracking the financial health of a business.

• Bookkeeping includes tasks like recording transactions in journals, posting entries to ledgers, and preparing financial statements.

• It...read more

Accounting is the process of recording, summarizing, and analyzing financial transactions of a business.

• Accounting involves the systematic recording of financial transactions.

• It includes summarizing and organizing financial data into financial statements.

• Accounting also involves analyzing financial information to provide insights and make informed decisions.

• Examples of accounting activities include bookkeeping, prepari...read more