what is book keeping.............
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The term bookkeeping is made of two words book and keeping .It means recording of transactions taking place in the business .There are many types of financial transactions happening in the business it is therefore necessary to keep records in a systematically manner.
DEFINITION :
Bookkeeping is the science and art of correctly recording in the books of accounts, all those transactions that result in the transfer of money or Money's worth .
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Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business.
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