Question

what is the Introduction and the features of Book Keeping...??? ​

Answer 1

The features of bookkeeping:

• Recording financial transactions.
• Posting debits and credits.
• Producing invoices.
• Maintaining and balancing subsidiaries, general ledgers, and historical accounts.
• Completing payroll.

Introduction:-

In the simplest of terms, Bookkeeping is PART of the Accounting process and involves recording and classifying a business's financial transactions in a usable form. Bookkeeping forms the foundation on which the accounting system is built and therefore all bookkeeping information should be complete, accurate and timely.

Answer 2

Introduction:

Introduction:

Bookkeeping is the recording of financial transactions and is part of any company's accounting process. Transactions include purchases, sales, receipts, and payments made by an individual or an organization/corporation.

Explanation:

Bookkeeping is one an important aspect of the accounting process. This is so because  it entails recording and classifying the company's financial activities in an useable way.

1. Bookkeeping characteristics include:
2. To track of the financial transactions.
3. The Debits and the credits are recorded.
4. Making invoices.
5. Maintenance and reconciliation of subsidiaries, general ledgers, and historical accounts.

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