Explain advantage and disadvantage of bookkeeping with conclusion
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Explanation:
Tracking cash flows, billing and lines of credit all relate to bookkeeping. Bookkeepers must resolve discrepancies occurring in company accounts and facilitate finance-related communication between other staff members to ensure that information is being fully and accurately funneled into the company ledger. While there are some clear advantages to bookkeeping, the practice has drawbacks that can affect company efficiency and profitability.
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