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Variant VI
I. Read and translate the text. Write down the translation of the second paragraph.
What is the Difference Between Accounting and Bookkeeping?
1.The differences between bookkeeping and accounting are not many, as both fields are fairly similar. Bookkeeping focuses on general business activities such as payables, receivables, billing, and sometimes payroll. Whereas accounting is focused on the financial side: general ledger entries, account reconciliations, and financial reporting.
2. Accounting is a broader term of bookkeeping. Bookkeeping helps in the day-to-day operations and preparing financial statements of an enterprise. Accounting relates to the internal control of the business, detecting errors in recording entries and gives financial reports of the values and performance of the business to the management and to other people like the shareholders.
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Variant VI
I. Read and translate the text. Write down the translation of the second paragraph.
What is the Difference Between Accounting and Bookkeeping?
1.The differences between bookkeeping and accounting are not many, as both fields are fairly similar. Bookkeeping focuses on general business activities such as payables, receivables, billing, and sometimes payroll. Whereas accounting is focused on the financial side: general ledger entries, account reconciliations, and financial reporting.
2. Accounting is a broader term of bookkeeping. Bookkeeping helps in the day-to-day operations and preparing financial statements of an enterprise. Accounting relates to the internal control of the business, detecting errors in recording entries and gives financial reports of the values and performance of the business to the management and to other people like the shareholders.
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