Many people confuse accounting and bookkeeping and look on them as one or the same. In effect, they identify the whole with one of its parts. Actually, bookkeeping is only a part of accounting, the record—marking part. To keep books is to record transactions, and a bookkeeper is one who records transactions either on a computer or manually or with a bookkeeping machine. Accounting includes much more than this. The accountant should have the ability to design the accounting system, to analyze and record complex, nonroutine transactions; and to analyze and interprete accounting information
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