Question

Very Short Answer Questions
What do you understand by Book-keeping?
What do you understand by Accountancy?
What is being used for Book-keeping in modern age?
When did the work of Book-keeping start?
What does start, at the end of Book-keeping?
Write the names of branches of Accounting.
Is there any difference between Book-keeping and Accountancy?
Give three objectives of accounting.
Name the users of accounting information.
Give the improtance of accounting information.
Short-Answer Type Questions​

Answer 1

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.