Accountancy, asked by Reemarajbhar, 6 months ago

explain all the objective of book Keeping

Answers

Answered by manushree14

Answer:

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.

Then the second main objective is to ascertain the overall effect of all recorded transactions on the final statement of the company. Book-keeping will eventually ascertain the final accounts of the company, namely the Profit and Loss Account and the Balance Sheet.

Explanation:

hope it helps u

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