A Comparison of Bookkeeping and Accounting Indicates That

Multiple Choice

A comparison of bookkeeping and accounting indicates that

A) the two are virtually the same in practice.
B) bookkeeping involves recording financial information, while accounting is concerned with classifying, summarizing, and interpreting this information.
C) bookkeeping is more useful for small businesses while accounting is more useful for large businesses.
D) accounting is a subsystem of the process of bookkeeping.