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Question
A business can not run without book keeping.
A business can not run without book keeping.
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Solution
The correct option is B False
Book keeping is a systematic records of transaction however there are certain limitations such as book keeping doesn't follow the principle of double entry system moreover it is based on cash basis of accounting but not made on an accruals basis so it is not necessary for a firm to use book keeping it can run without book keeping.
Book keeping is a systematic records of transaction however there are certain limitations such as book keeping doesn't follow the principle of double entry system moreover it is based on cash basis of accounting but not made on an accruals basis so it is not necessary for a firm to use book keeping it can run without book keeping.
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