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Book-keeping and accountancy are ______ to each other. - Commercial Applications

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Question

Book-keeping and accountancy are ______ to each other.

Options

  • complementary

  • supplementary

  • reflection

  • none of these

MCQ
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Solution

Book-keeping and accountancy are complementary to each other.

Explanation:

Book-keeping and accountancy are complementary to each other because Book-keeping records financial transactions, while accountancy interprets, analyses, and summarises them. Both depend on each other to present a complete financial picture.

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Chapter 11: Nature and Terminology of Accounting - EXERCISES [Page 133]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 11 Nature and Terminology of Accounting
EXERCISES | Q I. 2. | Page 133
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