Bookkeeping Essentials

Bookkeeping is the process of record keeping, which is different from accounting. Learn the difference between the two and which essentials are needed for proper bookkeeping.
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Image shows a woman filling out an accounting ledger, which has three columns and three rows. The first row reads: "particulars, debit amount, credit amount". The second row reads: "Cash account to capital account (being cash brought in as capital" and both the debit and credit amount reads 50,000. The third row reads: "Bank account to cash account (being cash deposited into the bank)" and both the debit and credit amount are 20,000.
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Female accountant keying in numbers
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A discounted transaction at the register of a men's clothing store.
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Calculator, hand with pen, computer screen
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