Importance of Accounting and Bookkeeping in business serve as the pillars of financial success in business operations. They are essential for maintaining accurate financial records, tracking revenue, expenses, and profits, and ensuring compliance with financial regulations. Through meticulous recording, classification, and analysis of financial data, accounting and bookkeeping provide a clear overview of a company's financial performance, cash flow, and financial position. This enables businesses to make informed decisions, allocate resources effectively, and plan for growth.