Define book keeping.
Dear Student,
Here is your answer
Bookkeeping involves organising and managing all business transactions in a company. Book keeping is the recording, on a day-to day basis of the financial transactions and information pertaining to a business. It is concerned with ensuring that records of those individual financial transactions are accurate, up-to-date and comprehensive. Accuracy is therefore vital to the process.
In other words, Book keeping involves recording of financial transaction of company in a systematic manner. Book-keeping is a process of identification, classification, and recording of transaction. It involves recording of transaction on day to day basis and ensure financial records are correct and up to date.
Regards.
Here is your answer
Bookkeeping involves organising and managing all business transactions in a company. Book keeping is the recording, on a day-to day basis of the financial transactions and information pertaining to a business. It is concerned with ensuring that records of those individual financial transactions are accurate, up-to-date and comprehensive. Accuracy is therefore vital to the process.
In other words, Book keeping involves recording of financial transaction of company in a systematic manner. Book-keeping is a process of identification, classification, and recording of transaction. It involves recording of transaction on day to day basis and ensure financial records are correct and up to date.
Regards.