State True or False-The main objective of Book keeping is to keep permanent records of business transactions-

Question

Toppr Admin · Accepted Answer

Book keeping is the process of the daily record keeping of all of a company-apos-s financial transactions- Book keepers record the sales- expenses and cash and bank transactions of the business in a general ledger- The first thing you need to do when you start a business is realizing that this ledger and its accuracy are central-xA0-

	April 01, 2016		March 31, 2017
		Rs		Rs
Cash in hand		1,000		1,500
Cash at bank		15,000		10,000
Stock		1,00,000		95,000
Debtors		42,500		70,000
Business premises		75,000		1,35,000
Furniture		9,000		7,500
Creditors		66,000		87,000
Bills payable		44,000		58,000

State True or False.The main objective of Book keeping is to keep permanent records of business transactions.

State True or False.
The main objective of Book keeping is to keep permanent records of business transactions.