What is the relationship between accounting and bookkeeping

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1. A firm is evaluating a capital budgeting proposal which has an initial investment at t = 0of $75,000.

2. This project has the following has inflows: $30,000in Year 1; $35,000in Year 2; and $15,000 in Year 3. What is the payback period for this project?

3. What is the relationship between accounting and bookkeeping? Are they the same? If they are different, how so?

Reference no: EM132053632

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