what is book keeping? write it's the functions .
Answers
Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Accuracy is therefore vital to the process.
The function of bookkeeping
function of bookkeepingRecording financial transactions. Posting debits and credits. Producing invoices. Maintaining and balancing subsidiaries, general ledgers, and historical accounts.
Answer:
Bookkeeping involves the recording of financial transactions and other information related to the business on a day-to-day basis. The most important aspect of bookkeeping is to keep an accurate account of all records and keep them up to date. Accuracy is the most vital part of the bookkeeping process.