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what are the fundamentals of book keeping
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Answer / raman mishra
Fundamentals of book keepingis to keep record detailed or
summariesed for all financial transaction.According to such
accepted accounting rules.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / krishna
book keeping is the process of recording the day to day
transcations...but does not allow a trader to know his
financial position at the end of the year.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / nimmasudhakar reddy
fundamentals of book keeping means all finacial transactions
are recording , balencing ,summeraising By accounting ruls
| Is This Answer Correct ? | 2 Yes | 2 No |
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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