Book-keeping is mainly concerned with _____________________.
Both (a) and (b)
Recording of financial data relating to business operations.
Interpreting the data for internal and external end-users.
Designing the systems in recording, classifying, summarising the recorded data.
A
Recording of financial data relating to business operations.
B
Both (a) and (b)
C
Interpreting the data for internal and external end-users.
D
Designing the systems in recording, classifying, summarising the recorded data.
Open in App
Solution
Verified by Toppr
Book keeping is mainly concerned with recording of day to day transactions. Book keeping is more of a clerical job and is related to recording whereas accounting is concerned with interpreting and analysis of transactions.
Was this answer helpful?
4
Similar Questions
Q1
_________ is mainly concerned with recording of financial data relating to the business operations in a significant and orderly manner.
View Solution
Q2
______ is an activity concerned with the recording of financial data relating to business operations in significant and orderly manner.
View Solution
Q3
__________ is concerned with the preparation and presentation of the classified data in a manner useful to the internal and external users of financial statements.
View Solution
Q4
Accounting is a process of recording, classifying, summarising, analysing and interpreting the financial transactions and communicating the result thereof to the users of such information. State whether the statement is true or false.