Short Answer on ________

Short Answer on _________BOOK Keeping

Question Posted / satyaki_raju@yahoo.co.in

3 Answers
4946 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Short Answer on _________BOOK Keeping..

Answer / akshitha

There are two main systems for keeping the accounts of
small businesses. These are single entry book-keeping and
double-entry book-keeping. Their names really explain
themselves. In double-entry book-keeping, for every entry
recorded, it is in fact recorded twice, whereas in single
entry book-keeping, it is just recorded once. For very
small businesses, the single entry system is often
preferred, but I personally prefer the double entry book-
keeping system, because when mistakes happen (and they
always will!) they are much easier to find. This system can
also deal with unpaid bills and accounts. Therefore the
rest of this article will concentrate on double entry book-
keeping.

There is much more that can be learnt about this subject -
and if there is enough interest, further articles may be
possible. However, I trust that this article will help you
as you seek to serve the Lord in whatever work you are
involved with.

Is This Answer Correct ?

1 Yes

1 No

Short Answer on _________BOOK Keeping..

Answer / manpreet

Book keeping is to keep the transactions or entries in a book.

Is This Answer Correct ?

0 Yes

0 No

Short Answer on _________BOOK Keeping..

Answer / hari

book keeping is nothing but to maintain the books of records related to financial transactions.

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More Accounting AllOther Interview Questions

What is debit and what is credit ?

4 Answers

Let me know why we debit expenses and credit revenues

3 Answers

what is difference between acquitision and take over?

1 Answers

define cheque

1 Answers

what is the point of sale

2 Answers ABC,

Whats the difference between merger and aquisition?

1 Answers Capital IQ, Thomson Reuters,

How many times can one buy and sell within a settlement cycle?

1 Answers Mellon,

what do u mean by preliminary expenditure? what r they? where it is comes?

3 Answers IBM,

HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.

0 Answers Genpact,

What cost-cutting measures have you implemented?

3 Answers GE,

Short Answer on ______________House Rent allowance

0 Answers

what is the defination of unit costing and process costing?

4 Answers

For more Accounting AllOther Interview Questions Click Here