what is book keeping
Answers
Answer:
What is Bookkeeping? Bookkeeping involves the recording, on a regular basis, of a company's financial transactions. This guide will. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions.
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process.