exclusivepapers.com
Sales Toll Free:
chat off
Home > Sample Essays > Compare and Contrast > Book Keeping and Accounting > Buy essay
← Compare and Contrast Politics in the United States and England King Jr. and Obama →
Live Chat

Custom Book Keeping and Accounting essay paper writing service

Buy Book Keeping and Accounting essay paper online

Book keeping and accounting are sometimes treated in the same format. However, accounting is superior o book keeping in a number of forms.

Book keeping involves taking the actual raw records. It is the recording of the basic financial transactions.

Book keeping is different to accounting in a number of ways as discussed in the following statements.  Book keeping records the basic transactions that take place in a business (Jeacle, 2012). For instance, if a business makes a sale of say $ 1000 the figure goes into the books as just sales $ 1000.

However, accounting goes a bit deeper in that it can be able to explain the circumstances leading to the sale of $ 1000. For instance, the accounting concept will have to analyze and state the actual proceedings resulting into this sale. Say, sold 20 packets of Steel rolls for $50 each to get sales of $ 1000. Accounting would also go further and try to explain what this effect has on the stock, balance sheet as well as other accounting statements and records.

Accounting equation concept

Order now

Accounting equation tries to balance out the assets with the liabilities. In essence, this equation tries to provide the basic accounting mechanism to professional accountants by allowing them to be able to understand how a particular product affects this balance. The accounting professionals need to fully understand and analyze the accounting items and basics into different sides of the accounting equation, noted as assets and liabilities.

0
0
DAYS
:
0
0
HOURS
:
0
0
MINUTES
:
0
0
SECONDS
Discount Code

Conclusion

The two concepts discussed above, book keeping and accounting must coexist. Accounting utilizes the information that is derived from the records available from book keeping in its analysis. As such, it is hard to have a distinctive separation between the two terms.

Buy Book Keeping and Accounting essay paper online

Buy essayHesitating

Related essays

  1. King Jr. and Obama
  2. Comparing Currencies
  3. Company Comparison
  4. The Differences between Management and Leadership
  5. Activities Integrating Math & Science (AIMS) and Great Explorations in Math & Science (GEMS)
  6. Compare and Contrast Politics in the United States and England
  7. Similarities and Differences between Booker T. Washington and W.E.B. Du Bois
  8. Vacation in the Mountains Compared to the Beach
  9. Compare and Contrast Essay on Alcohol and Marijuana
  10. David
What our customers say?
 
  • We accept:
  • Paypal
 
Thanksgiving2017
X