Search answer for your unanswered questions.

Class : 11
Unit : Account


Write in brief the essential of maintaining books of account in a business.
Looks like you have not signed up yet. Please sign up now to view the answers without interruption.
Redirecting in 60 seconds...
Ans : Book keeping is very important phenomenon. Book keeping is that branch of knowledge which tells us about how to keep a record of financial transaction in scientific and systematic manner. The importance of recording such transaction arises because of limited human memory. It is a process of recording accounting information in scientific and systematic manner.
    Did you find this answer useful?
   Then Register Now to view other answers easily.
Previous
Mention any five limitations of accounting.
Next
Mention the process/step/cycle of accounting.


Random topics

1.)Write in brief one sided error.
2.)Write in brief two sided error.
3.)Write the meaning of errors of principle with suitable examples.
4.)Write the meaning of errors of omission with example.
5.)Write the meaning of “Error of Commission” with suitable example.
6.)State the meaning of errors of duplication with suitable example.
7.)Clarify the meaning of compensating error.
8.)List any four errors which can be located/disclosed by trial balance.
9.)List any four errors which cannot be located/disclosed by trial balance.
10.) Define suspense account.