Define "Book keeping", Discuss its objectives
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Explanation:
the activity or occupation of keeping records of the financial affairs of a business.
- "I got in a financial muddle because I didn't keep my bookkeeping up to date"
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Explanation:
The main objective of book-keeping is to keep a complete and accurate record of all the financial transactions in a systematic orderly, logical manner. This ensures that the financial effects of these transactions are reflected in the books of accounts.
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