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Difference

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(Querist)
18 January 2015 do anybody know the difference between accounts and accountancy.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
22 January 2015 Accounting refers to the process of keeping or maintaining financial records.

Accountancy refers to the duties(which consists of accounting, bookkeeping, auditing, etc.) or profession of an accountant.

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