write three objective of bookkeeping
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Gathering basic financial data. Identifying the transactions and events with the financial aspect, i.e. only monetary transactions are to be entered in the books of accounts. Measuring the transactions in monetary terms. Keeping a record of the financial effect of the transactions, in the order in which they arise
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they are:
- Ascertainment of Result of operation
- Ascertainment of the Financial Position
- Prediction of the volume of cash for future
- Assessment of Tax Liabilities
I hope this will help u
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