Question

Explain bookkeeping and data entry with examples
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Answer 1

Answer:

Bookkeeping - It’s a process of recording a company’s financial transactions into other accounts everyday

Examples:
- Recording all financial transactions
- Managing bank feeds
- Preparing financial reports and statements

Data Entry - it’s the process of transferring information into electronic mediums, such as a computer

Examples:
- Updating customer information
- Entering account records
- Transfer information to other electronic devices

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Answer 2

Answer:

book keeping is the process or profession of recording the transaction of a business

example

revenue from sale

revenue from rental income

revenue from interest income

data entry is the process of recording the financial transaction

example

transcribing

entering accounting record

updating customers information