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What is book keeping ?

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What is book keeping ?

Posted by Sparsh Khandelwal 3 years, 11 months ago

CBSE > Class 11 > Accountancy

3 answers

Mansi Chidar 3 years, 11 months ago

Book keeping is an art of recording in the books of account the monetary aspect of commercial and financial transactions.

Sujal Garg 3 years, 11 months ago

Book keeping is an art and science of recording bussiness transactions.

Gaurav Seth 3 years, 11 months ago

Bookkeeping
Scope	Bookkeeping involves identifying, measuring, recording & classifying financial transactions in the ledger accounts.
Objective	The main aim is to maintain systematic records of financial transactions.
Stage	It is a primary stage of accounting
Nature of job	This job is in routine and repetitive in nature.
Level of skills	Bookkeeping does not require special skills. It is performed by Junior Staff.

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