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Question
State True or False.
The main objective of Book keeping is to keep permanent records of business transactions.
State True or False.
The main objective of Book keeping is to keep permanent records of business transactions.Open in App
Solution
The correct option is A True
Book keeping is the process of the daily record keeping of all of a company's financial transactions. Book keepers record the sales, expenses and cash and bank transactions of the business in a general ledger. The first thing you need to do when you start a business is realizing that this ledger and its accuracy are central.
Book keeping is the process of the daily record keeping of all of a company's financial transactions. Book keepers record the sales, expenses and cash and bank transactions of the business in a general ledger. The first thing you need to do when you start a business is realizing that this ledger and its accuracy are central.
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