Question

Write the difference between accounting and accountancy.

Answer 1

Accounting	Accountancy
It is a process or activity	It is a profession or practice
It consist of principles, concepts, conventions and accounting standard Accounting is a clerk.	It involves application of accounting principles and conventions to practical problems
Without accountancy, accounting has no results or utility	job It required public relations.
It is less scope compare to accountancy	Without accounting accountancy has no conceptual foundation.
It is less scope compare to accountancy	It has wider scope than accounting.