Question

define book keeping ​

Answer 1

Answer:

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business.

Answer 2

Bookkeeping is one of the most important tasks in accountancy.

Explanation:

• A number of books such as journals, ledger, balance sheets, account statements, etc. have to be managed while recording the financial statements of any firm.
• Maintaining and recording all these financial records in different books are known as bookkeeping.
• Bookkeeping is a complex process and it involves maintaining records in invoices, etc.
• Bookkeeping allows the owner to keep a track of the financial health of the firm.