The basic objective of the book-keeping is _______________.

to maintain systematic records of financial transactions

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to ascertain financial performance

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to ascertain financial position

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all of the above

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Solution

The correct option is A to maintain systematic records of financial transactions
Book keeping is a part of accounting. The process of recording financial transaction in a systematic manner and classifying them into ledgers is termed as book keeping.
Basic objective of book keeping is to keep records of financial transaction in the books of prime entry in chronological order for future reference.

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