Accountancy, asked by Anonymous, 3 months ago

what is the meaning of book keeping??
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Answers

Answered by nickiramaelee827

Answer: Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.

Answered by Anonymous

Answer:

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.

A lot of people think the two roles are the same, however, the term bookkeeping refers to recording financial transactions and activities on a daily basis. It's a subset of accounting which requires the following jobs to be done in order to build a financially stable business: Recording financial transactions.

Explanation:

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