object of bookkeeping
Answers
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.
Answer:the objective of accounting as to fold.
to show the effect of each transaction and also the combined effect of all such transaction for the given period so as to find out the profit of the business has earned or loss incurred and also to know the correct financial position on a particular date.
in the necessity and important the counting can be understood by answering the following question.
1) How much we have earned this year.
2) How much was earned during the last year.
3) Is our business improving.
4) How much cash do you we have.
Explanation: