Q.Distinguish between Book-Keeping and Accounting.

These two terms are often used loosely as if they mean the same thing, but the subject draws a clear line between them.

Book-Keeping is the routine recording of financial transactions in a set of books. Accounting is wider — it begins where book-keeping ends, taking the recorded data through classification, summarising, analysis, interpretation, and communication of results to interested parties.

In short, Book-Keeping is a subset of Accounting — every accounting system needs accurate book-keeping as its foundation, but book-keeping by itself cannot produce a Trading and Profit and Loss Account, a Balance Sheet, or any meaningful financial analysis; that additional, higher-level work is what Accounting adds.

An alternative way to answer is a short paragraph rather than a table: state the meaning of each term, then give 2-3 clear points of difference (scope, nature of work, who performs it), ending with the one-line relationship that book-keeping is the base on which accounting is built.

A common mistake is treating the two as identical and simply repeating one definition with different words. Always bring out that Book-Keeping is confined to recording, while Accounting goes further to classify, summarise, analyse, interpret and communicate.