DIFFERNCE BETWEEN BOOK-KEEPING AND ACCOUNTING :

Book-keeping	Accounting
(i) It is concerned with the recording of transactions.	(i) It is concerned with the summarizing of the recorded transactions.
(ii) The work of book-keeping is mainly routine and clerical in nature and is increasingly being done by computers.	(ii) The work of accountant requires higher level of knowledge, conceptual understanding and analytical skill.
(iii) Book-keeping constitutes the base for accounting.	(iii) Accounting starts where book keeping  ends.
(iv) Book-keeping is done in accordance with basic accounting concepts and conventions.	(iv) The methods and procedures for accounting for analysis and interpretations for financial reports may vary from firm to firm.
(v) Financial statements do not form part of bookkeeping.	(v) Financial statements are prepared in accounting process from the book-keeping records.
(vi)Financial position of the business cannot be  ascertained through book-keeping records.	(vi) Financial position of the business is ascertained on the basis of accounting reports.