Accounting includes which of the following tasks that bookkeeping does not?

One of the main objectives of bookkeeping is to provide information for making managerial decisions. 

Accounting does not require the data provided by bookkeeping to analyze financial performance. 

Bookkeeping is the first step in the accounting process. 

The preparation of financial statements is a part of: 

Which of the following statements accurately distinguishes bookkeeping from accounting? *

Which of the following best describes the difference between bookkeeping and accounting?

Why is bookkeeping crucial for compliance?

Bookkeeping only involves the recording of sales transactions. 

Maintaining accurate financial records is not necessary for effective decision-making.