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| Book Keeping | Accounting |
| Book Keeping is concerned with identify financial transaction; measuring them in money terms; recording them in the books of account and classifying them. | Accounting is concerned with summarising the recorded transaction, interpreting them and communicating the result. |
| It is a primary stage. It us the basis of accounting. | It is a secondary stage. It Begins where Book Keeping ends. |
| The Objective of Book Keeping is to maintain systematic records of financial transactions. | The Objective of Accounting is to ascertain net result of operational and financial position and to communicate information to interested parties. |
| This job is routine in nature. | This job is analytical and dynamic in nature. |
| It being a routine work is performed by junior staff. | It being a specialised function is performed by senior staff. |
| Book Keeping is mechanical in nature and, thus, does not require special skills. | Accounting required special skills and ability to analyse and interpret. |