IGCSE Accounting Practice Questions - Cambridge IGCSE Accounting (0452) Exam

Which statement best distinguishes bookkeeping from accounting?

Bookkeeping is the recording of transactions; accounting also includes summarising, analysing and interpreting them Bookkeeping is only done by computers; accounting is only done by hand Bookkeeping uses double entry; accounting uses single entry Bookkeeping is illegal without a licence; accounting is not

Correct Answer:

Bookkeeping is the recording of transactions; accounting also includes summarising, analysing and interpreting them

Access more questions from this quiz

Continue to IGCSE Accounting Practice Questions - Cambridge IGCSE Accounting (0452) Exam for more practice questions and the full quiz experience.

Access More Questions