Question

Which of the following statements are True and which are False?
i. Book-keeping is concerned with recording of business transactions in
a systematic and significant manner.
ii. Book-keeping and accounting are synonymous terms.
iii. Book-keeping is a broader term than accounting.
iv. Book-keeping helps in preparing budget of the business.

Answer 1

Answer:

i)true

ii)true

iii)false

iv)true