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प्रश्न
Why is book-keeping considered the foundation of accounting?
लघु उत्तर
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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.
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