Advertisements
Advertisements
प्रश्न
Why is book-keeping considered the foundation of accounting?
लघु उत्तरीय
Advertisements
उत्तर
- Book-keeping involves the systematic recording of financial transactions.
- These records act as the basis for accounting processes like classification, summarisation, and analysis.
- It ensures accuracy and reliability of financial information, which is essential for decision-making.
Hence, book-keeping is called the foundation of accounting.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
