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Question

______ is an activity concerned with the recording of financial data relating to business operations in significant and orderly manner.

A

Accounting

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B

Book keeping

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C

Auditing

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D

Vouching

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Solution

The correct option is B Book keeping
Book keeping is a process of recording the transactions in chronological manner. It is well understood that as soon as transaction is done, its an event which need to be recorded in books of account.

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