Edaccountancy

≽ What does bookkeeping meaning? Bookkeeping is an art of recording of the business transactions in a systematic manner in the books of accounts. The transactions must be recorded in terms of money and in date-wise form. The accurate business results form such records at the end of accounting year.  In simple word, Bookkeeping related with the recording of business transactions. all the activities of business are recorded for the purpose of taking out profits and loss of the business.  Book-keeping also required classification of transactions and events. Maintaining book-keeping records is to show correct position of business in terms of income and expenditure. The main purpose is to maintain book-keeping is to know how much profit has been earned or loss earned during the course of the period. For this lot of information is required which can be recording of transactions. Therefore, in book-keeping, the proper maintenance of books of accounts is indispensable for any business.   ≽

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