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Class : 11
Unit : Account


Given the meaning of book keeping in three to four effective sentences.

Ans : Book-keeping is the summation of two words: Book + Keeping. In accountancy, ‘Book’ means book of accounts in which business transaction are recorded. ‘Keeping’ means recording of such transaction in a proper manner in the books of account. Book-keeping is the art and science of recording the financial transactions of a business in the books of account in systematic manner.
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