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Business Studies

Techniques of Scientific Management

Traditional m...

Question

Traditional method of book keeping is known as _________ .

A

Modern system

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B

Conventional system

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C

Indian system

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D

None of the above

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Solution

The correct option is C Conventional system
Traditional method of book-keeping is known conventional system of accounting. It is the oldest form of book keeping and usually is suitable for the small business firms. It focuses more on decision making, timeliness etc.

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