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Question

Book-keeping is mainly concerned with _________.
  1. recording of financial data relating to business operations
  2. designing the system in recording, classifying, summarizing the recorded data
  3. only for internal purpose
  4. interpreting the data for internal and external end users

A
recording of financial data relating to business operations
B
interpreting the data for internal and external end users
C
designing the system in recording, classifying, summarizing the recorded data
D
only for internal purpose
Solution
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Book keeping is that branch of knowledge which tells us how to keep a record of financial transaction of a business. Book keeping is a clerical job. Book keeping is concerned with recording and classifying the data and accounting is concerned with interpreting and analysing of transactions.

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