Question

Meaning of book keeping according to ts grewal

Answer 1

Answer:

The or ocupation of keeping records of the financial affairs of a business.

Explanation:

I got in a financial muddle because I didn't keep my bookkeeping up to date

Answer 2

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The recording of economic activities of a business firm in a systematic manner is called Book-keeping. Book-keeping is not only necessary for business organizations but also for non-business organizations like educational institutions , clubs , hospitals etc.

According to R.N. Carter , '' Book-keeping is the science and art of correctly recording in the books of account all those business trasactions that result in the transfer of money and money's worth. ''

Book-keeping is the science and art of recording financial transactions in the books of account in a regular and systematic manner so that the net result of the operations and the financial position of an entity can be ascertained at any time.