What is Bookkeeping ?

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.

Maintenance of Account is very important in every business whether we are earning profit or loss that can be understood or find only by the helps of accounting. Therefore for every business bookkeeping and accounting are very important.

What is Accounting ?

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.

For more details you can consult the team of Legal Chalo any time.