Accountancy, asked by Siakhan8944, 1 year ago

Define book-keeping.

Answers

Answered by Anonymous
5
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. 
Answered by Anonymous
0

\huge\mathfrak\red{Heya!!!}

\underline{\bold{Book-keeping:}}

》Book keeping is the proper and systematic keeping of books of accounts. It is the initial step of accounting.

》It starts from the identification of business transactions.

》These transactions must be supported by the documents and they must be financial in nature.

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\huge\text{Final\:Definition}

Book keeping is defined as the science and art of identifying and recording accounting transactions systematically in the proper books of accounts.

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