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Explanation:

Bookkeeping is a foundation/base of accounting. Accounting uses the information provided by bookkeeping to prepare financial reports and statements. Bookkeeping is one segment of the whole accounting system. Accounting starts where the bookkeeping ends and has a broader scope than bookkeepin

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Answer:

Is Commerce the Same As Business? The word commerce is not interchangeable with business, but is rather a subset of business. Business includes sourcing, manufacturing, production, and marketing whereas commerce pertains to the distribution side of the business, specifically the distribution of goods and services.

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