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Topic Content:

  • Meaning of Bookkeeping

What is Bookkeeping?

Bookkeeping is the systematic recording of financial transactions on a day-to-day basis in the appropriate books of an account such as a journal, ledger, cashbook and petty cashbook for easy determination of profit or loss.

Transactions include purchases, sales, receipts and payments by an individual, person or an organisation/corporation.    

Bookkeeping can also be defined as the recording of cash and credit transactions to obtain necessary accounting information.

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michael
03/04/2023 7:43 AM

I love the app

Adeolu John
02/05/2023 2:58 PM

Good lesson plan

17/06/2023 1:33 PM

IT IS GREAT

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