Accounting:

Accounting is the process of recording, classifying, analyzing, interpreting, and reporting financial transactions and information related to a business or organization. The main objective of accounting is to provide accurate and timely information about the financial status and performance of a business, which is essential for making informed decisions.

There are two main types of accounting:

financial accounting  

managerial accounting.

Bookkeeping:

Bookkeeping is the process of recording and organizing financial transactions in a systematic and accurate manner. It involves maintaining detailed records of all financial transactions, including purchases, sales, receipts, and payments.

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