What is the difference between accounts, accounting, and accountancy?
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11 Answers
Account/accounts is something a person has with a company - like a bank account or even facebook account.
Accounting is a profession or the area of a building that deals with the finance of a company - The accounting is responsible for taking care of the money of a company, for example.
Accountancy is the practice of keeping record of something (whether you do for your household or in a job) classyfying the papers and separating them accordingly.
There are many other professions in this world that do basically the same such as treasury, bookkeeping etc.
Hope it helps 
Accounts literally means the ways of storing money in different categories by a financial institutions such as a bank or the post office like in other countries. Accounts helps a financial institutions know a category a customer in a bank belongs. Like if a customer is in the category as savings account holder or current account holder or he or she has fixed deposit accounts.
Accounting is the act itself of helping customers store their money,calculating how much have been stored and enabling the customers to retrieved the stored money without stress.
Accountancy is then the act of studying all that entails to work with storing money so as to be qualified to work in a bank or any financial institutions. One will stand a better chance of employment if one had studied accountancy.
Accounting is the act itself of helping customers store their money,calculating how much have been stored and enabling the customers to retrieved the stored money without stress.
Accountancy is then the act of studying all that entails to work with storing money so as to be qualified to work in a bank or any financial institutions. One will stand a better chance of employment if one had studied accountancy.
Although the three terms are related to an extent but there is great difference between them.
Accounts: are the records that are kept on behalf of people on some certain items or events about them. For example, your bank helps to keep account of your financial records you have with them. Students records on their attendance to school are kept in the register. The main purpose of keeping accounts is for future references.
Accounting: this is the act of keeping and recording of accounts about events or items that are related to people. The person who performs the act of accounting is called accountant.
Accountancy: this is the practices of recording, classifying and reporting of business transactions carried out on goods and services in an organization. Accountancy is basically useful in providing feedbacks to management in respect to financial results and status of an establishment.
Accounts: are the records that are kept on behalf of people on some certain items or events about them. For example, your bank helps to keep account of your financial records you have with them. Students records on their attendance to school are kept in the register. The main purpose of keeping accounts is for future references.
Accounting: this is the act of keeping and recording of accounts about events or items that are related to people. The person who performs the act of accounting is called accountant.
Accountancy: this is the practices of recording, classifying and reporting of business transactions carried out on goods and services in an organization. Accountancy is basically useful in providing feedbacks to management in respect to financial results and status of an establishment.
* Accounts refers to the preparation and presentation of financial data in the format of debit and credit.
* Accounting refers to the entire book keeping process which includes journals, ledgers, trial balance, profit and loss, balance sheet.
* Accountancy refers to the subject which provides rules and guidelines according to which the accounting must be done so as to ensure uniformity and transparency in the financial data.
* Accounting refers to the entire book keeping process which includes journals, ledgers, trial balance, profit and loss, balance sheet.
* Accountancy refers to the subject which provides rules and guidelines according to which the accounting must be done so as to ensure uniformity and transparency in the financial data.
Accounts Accounts are a record of the money or assets a business has, as well as its liabilities and equity.
Accounting Accounting is the process of recording, classifying and summarizing financial transactions. It is the language of business and involves the use of accounting principles and concepts to prepare financial information.
Accountancy Accountancy is the process of preparing and analyzing financial statements and providing advice and guidance to management on financial matters. This includes providing financial advice on a wide variety of issues such as taxation, budgeting, and cash flow management.
Accounting Accounting is the process of recording, classifying and summarizing financial transactions. It is the language of business and involves the use of accounting principles and concepts to prepare financial information.
Accountancy Accountancy is the process of preparing and analyzing financial statements and providing advice and guidance to management on financial matters. This includes providing financial advice on a wide variety of issues such as taxation, budgeting, and cash flow management.
The main difference between accounts and accounting is that accountants have a direct role in the accounting of companies, while accounts appear on company books as pass-offs from the owners or managers of the company. accounting is used to describe the production or management of financial statements, while accounts are not necessarily to individual shares or securities.