UrbanPro

Take BCom Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

What is the difference between accounting and accountancy?

Asked by Last Modified  

Follow 10
Answer

Please enter your answer

Freelancer CA/CS/CMA/ACCA /B .com Classes

Accounting: To keep the record of each and every finance activity either in the ledger or journal form is called as accounting. It also depends on nature of business so accounting has the different meaning at a time. As it comprises distinct work. Here are the things that included in Accounting 1....
read more
Accounting: To keep the record of each and every finance activity either in the ledger or journal form is called as accounting. It also depends on nature of business so accounting has the different meaning at a time. As it comprises distinct work. Here are the things that included in Accounting 1. Record of business finance in a standard format to analyze business cash inflow and outflow status. 2. Bookkeeping records to define the lifecycle of a financial system and its resources. 3. A process which upgrade business activities in time and within budget costs. Accountancy : To summarize, classify and accordance of every financial activity into a system is known as accountancy. It includes: 1. It relates to reporting of accounting, bookkeeping, auditing etc. 2. Especially consider making reports on various distinct financial systems. read less
Comments

Tutor

Accounting meanings process of keeping or maintaining financial records/Books of Accounts, while Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers.1 The communication is generally in the form of financial statements that...
read more
Accounting meanings process of keeping or maintaining financial records/Books of Accounts, while Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers.1 The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in selecting the information that is relevant to the user and is reliable. read less
Comments

Tutor

accountancy is moreover like bundled book of profession which describes the rules,regulation ,act,provisions,standards...etc. accounting is process of doing/preparing the a/c by following accountancy.
Comments

Accounting means process of keeping records which is a narrow concept. Accountancy is having broader aspect than accounting. In fact accounting is a part of accountancy as like book keeping.
Comments

Faculty for Accounts and commerce

Accounting means recording of financial transaction. Accountancy means it is a branch of study on accounting.
Comments

Accounting is a art recording,classifying and summarizing in a signified manner in term of money, transactions and events which are, in part at least of financial character and interpreting the results thereof. Accountancy refers to a systematic knowledge of accounting.
Comments

Tutor

In short Accounting is the part of Accountancy .
Comments

Accounting is a part of accountancy. Its is involved in that where records etc are maintain
Comments

Tutor

Accounting has different meanings and in one sense refers to the process of keeping or maintaining financial records; while accountancy, according to OED, specifically refers to the duties(which consists of accounting, bookkeeping, auditing, etc.)
Comments

Change is the end result of all true learning

Accounting means recording, classifying, analyzing,summarising and interpreting.accounting provide information for internal users and external users . Accountancy means is application of accounting
Comments

View 53 more Answers

Related Questions

How can i speak english very easli
Just read any English newspaper daily for 45-60 minutes. Will help you a great deal.
Barun
0 0
8
Hi All, I am new user of UrbanPro. Please tell me how to use this according my Profession. Thanks
Kindly update your profile regularly with your recent mobile number .. Students might contact you...
Aman
0 0
7
Can you tell me the straight line method to calculate depreciation?
(Purchase price of asset +installation & other exp relating to purchase of asset as per AS-scrap value/no. of years of its economic life of asset. Each year depreciation charged will be equal amount.
Prabhash
0 0
6
Is tuition required for a B.Com graduation?
You are facing difficulty in any subject, you need to join tution classes.
Balaji
0 0
8
How well can a BCOM student earn freelancing online?
whenever you have any skills in related field of accounting, Taxation, IT and other fields. You can with the registration on government job web sites globally and work as freelancing and also get certificate from there.
Sajjan
0 0
8

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

SPECIAL EVENTS IN PARTNERSHIP
SPECIAL EVENTS IN PARTNERSHIP Admission Retirement Death Change in Ratio Combination When a New partner is admitted what are the changes occur? What are the things unavoidable changes? Can...
F

GST Competent Accountant
Goods and Service Tax environment made Accountants inevitable to any organization. It is important that all accountants should be competent in GST Norm and Producedures. Here is a sample lesson to understand...

Standard Costing
Define the term Standard Costing and outline the steps involved therein. According to ICMA, London, Standard Costing refers to "the preparation and use of standard costs, their comparison with actual...
F


Types of Financing
Bridge Financing: Bridge finance refers to loans taken by a company normally from commercial banks for a short period because of pending disbursement of loans sanctioned by financial institutions. The...
F

Recommended Articles

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for BCom Tuition Classes?

The best tutors for BCom Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take BCom Tuition with the Best Tutors

The best Tutors for BCom Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more