Limitations of human memory its point of necessity of bookkeeping
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as we all know that in a business there is always transaction is kept on going. the number of transactions are too much due to which it is very difficult for a human to remember all those transactions.
in case of this if a person will not maintain the bookkeeping then there are may chances of spams. whenever there will be any auditing this will create a problem in that. so to avoid that they must maintain bookkeeping. this will also help them to keep proper details of their liabilities and about the debtor.
so these are. the reasons due to which bookkeeping is there.
in case of this if a person will not maintain the bookkeeping then there are may chances of spams. whenever there will be any auditing this will create a problem in that. so to avoid that they must maintain bookkeeping. this will also help them to keep proper details of their liabilities and about the debtor.
so these are. the reasons due to which bookkeeping is there.
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