Question

What are the advantages of bookkeeping?

Answer 1

Answer:

• Book-keeping is useful to get the financial informations.
• Book-keeping is useful to find out the tax liability.
• It helps to have control over various business activities.
• It serves as legal evidence in case of any disputes.

Answer 2

Answer:

• Book-keeping is useful to get the financial informations.

• Book-keeping is useful to find out the tax liability.

• It helps to have control over various business activities.

• It serves as legal evidence in case of any disputes.