Question

introduction to book keeping and accountancy​

Answer 1

Explanation:

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. ... The bookkeeper brings the books to the trial balance stage: an accountant may prepare the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.

The purpose of accounting is to provide a means of recording, reporting, summarizing, and interpreting economic data. In order to do this, an accounting system must be designed. A system design serves the needs of users of accounting information.

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