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WebDec 28, 2024 · The definitions of accounting and bookkeeping services. Accounting is the process of analyzing income and expenses. The accountant is responsible for providing financial advice and informing about the organization’s position. Bookkeeping services provide for the recording of procedures and the preparation of all necessary reports, … WebDec 28, 2024 · The definitions of accounting and bookkeeping services. Accounting is the process of analyzing income and expenses. The accountant is responsible for providing … WebNov 25, 2024 · The accounting equation, Assets = Liabilities + Owners Equity means that the total assets of the business are always equal to the total liabilities plus equity of the business. This is true at any time and applies to each transaction. For this transaction the accounting equation is shown in the following table. madras university bba exam time table 2013