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accounting just means that for every penny spent there has to be an offsetting entry eg: I have $50.00 to start with, I came home with $8.50 this means that I have spent $41.50 I now have to "account" for the money I spent, so I will show you my receipts;;; $30.00 for groceries and $11.50 at the drugstore. this is "accounting"

Banking just means to go to a Bank and either deposit money into your account or withdrawing it.

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13y ago
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Q: What is the difference between accounting and banking?
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