1o) what is book-keeping ? Explain the
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Adiantages and Limitations of book-keeping
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Answer:
book keeping is the process of recording financial transactions and is a part of accounting. The advantages and limitations are:
I)it helps in maintaining transparency .
ii)it keeps data in a proper way.
limitations:
I)it happens to be inaccurate.
ii)it often leads to increase in costs.
Explanation:
book keeping is a very time consuming process.it needs great efficiency,if not used then it will be more inaccurate as it's limitations tell us. HOPE IT HELPS YOU..
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