what is Book Keeping

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

610


What is meant by consignment

1676


how to check which item is sold by the sundry debtors in tally?

1637


We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.

1598


what is portfolio Saint?

1496






Who will be called as consignee

1615


Why it is necessary to use SAP in an industry? & What is the difference from other advance accounts software like Tally ERP 9? What is the importance of using GAAP for best management decission or why GAAP using by Top Management?

1589


HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY

8656


Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai

1498


What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

1714


Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

1587


What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?

1575


What was the most chlleging task you face while working in SAP FI/MM and how did you solve?

1474


Distinguish between sale and consignment

1535


How Are The Balance Sheet And Income Statement Connected?

711