The need for recording business transactions in a clear and systematic manner is the basis which gives rise to Book-keeping. Book-keeping is that branch of knowledge which tells us how …
When a person starts a business, whether large or small, his main aim is to earn profit. He receives money from certain sources like sale of goods, interest on bank …
From the above objectives of book-keeping, the following advantages can be noted : (i) Permanent and Reliable Record : Book-keeping provides permanent record for all business transactions, replacing the memory …
