What is Bookkeeping? Definition, Importance, Tasks and Example

December 21, 2020 by admin

Mr S buys a book in December, gets the bill and only pays the bill in January. In the accounts, the purchase is recorded and shown on the Income Statement in December at the date of the bill, not in January when it was paid. People often confuse bookkeepers and accountants—and with good reason. While there are certain similarities and overlaps between the two, there are distinctions ...Read More