| Points of Difference | Book-keeping | Accounting |
| Objective | The objective of book-keeping is to prepare original books of accounts. It is restricted to the journal, subsidiary books, and ledger accounts only. | The objective of accounting is to record, analyze, and interpret business transactions. |
| Scope | It has limited scope and is concerned with the recording of business transactions. | It has a wider scope as compared to book-keeping |
| Level of work | It is restricted to a low level of work. Clerical work is involved | It is concerned with low level, medium level, and even top-level management. low-level clerks prepare the accounts, medium level report it and top-level interpret it. |
| Mutual dependence | Book-keeping is only the art of recording transactions, so it has to depend upon accounting which makes it more meaningful and purposeful. | Accounting is based upon book-keeping which is its initial and vital part. It depends upon book-keeping. |
| Results of the business | It does not show the net results of the financial position of the business. | Accounting shows the net results of the business. It tells us about the profit earned and also about the assets and liabilities of the business. |
| Principles of Accounting | In Book-keeping accounting concepts and conventions are followed. | The methods of reporting and interpretation in accounting may vary from firm to firm |
