Book keeping is associated with which part of the accounting
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Accounting of an entity depends on its Bookkeeping system. Bookkeeping is the basis of accounting. It is because it is responsible for the proper recording of financial transaction.
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Explanation:
Most of the entities nowadays use computers for bookkeeping rather than recording them manually. Accounting of an entity depends on its book-keeping system. Book-keeping is the basis for accounting. It is because it is responsible for the proper recording of financial transactions.
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