Question

which information does booking keeping provides​

Answer 1

Answer:

They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.

Bookkeeping lessens the pain of an audit

While it's not something to look forward to, it's definitely worth preparing for. Having all your bookkeeping organized and in one place will make it easier to retrieve your business's financial information and can help avoid penalties or late fees.

Explanation:

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