EPCSE Business Accounting 5921 Practice Questions - Eswatini Prevocational Certificate Of Secondary Education - Business Accounting (5921) Exam

Bookkeeping is the routine recording of transactions; accounting includes classifying, summarising, interpreting and reporting Bookkeeping only prepares the statement of financial position; accounting only records cash Bookkeeping is used only by limited companies; accounting is used only by sole traders There is no difference; the terms mean exactly the same thing in EPCSE