Accountancy, asked by varshalbonde, 1 year ago

definition of book keeping​

Answers

Answered by brainological
2

Answer:

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.

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Answered by shruti1272
1

Answer:

The activity or occupation of keeping records of the financial affairs of a business.

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. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process.

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