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what is Book Keeping
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Answer / g.ravi
Bookkeeping (also book-keeping or book keeping) is the
recording of all financial transactions undertaken by an
individual or organization (including a corporation or
legal person). Bookkeeping is "keeping records of what is
bought, sold, owed, and owned; what money comes in, what
goes out, and what is left." Bookkeeping is part of the
accounting cycle, and bookkeepers' work is closely related
to that of accountants.
Two common book keepings are
Single entry and Double entry
Single entry uses only income and expenses accounts
recorded primarily in a revenue and exp.journal.Use in
small business.
Double entry book keeping requires posting of each
transactions twice(debit and credit)
| Is This Answer Correct ? | 32 Yes | 1 No |
Answer / srilatha
BOOKEPING IS AN ACTIVITY PERFORMED BY THE ORGANISATIONS TO
RECORD THE DAY TO DAY TRANSACTIONS OF THE GOING CONCERN.
ACCORDING TO THE GOING CONCERN CONCEPT WE HAVE TO RECORD
EACH AND EVERY TRANCATION IN DUE COURSE.
ACCORDING TO THE DUEL ASPECT CONCEPT FOR EVERY DEBIT
THERE SHOULD BE ANY EQUAL CREDIT.
IN BOOKEEPING YOU WILL RECORD BY TRANSCATION BY
MAINTAINING DIFFERENT BOOKS.
EXAMPLE:- CASH BOOK, PASS BOOK, SALES REGISTER,PURCHASE
REGISTERETC.
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / santosh b.com
acording to J.R.Batliboi "bookeeping is an art of recording
business transactions ina set of books"
only transactions expressed in terms of money will
find place in book of accounts.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / raghavendra
book keeping is an art of book day to day transaction are
rocorded in a regular and systematic order
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / richard maina
Book keeping is the systematic recording of business
transaction from the soure document.eg debit note,credit
notes etc.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / c.a.ramesh
Book-keeping is an art of recording and maintaining all
economical transactions of a business or a social
organisation in a set of books in a systematic manner and
chronological order.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / neha
Book keeping is recording of the financial transactions in a systematic
manner so that the information on any point in relation to them may be
quickly obtained.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / abhi
It is mainly Concerned with recording of Financial data relating to the business operations in a Significant and Orderly manner.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / xyz
book keeping is an art of recording business transections serially and date wise.
| Is This Answer Correct ? | 1 Yes | 1 No |
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