| Book-keeping Advantages | Book-keeping Disadvantages |
| 1. It provide full information about all | It given only monetary transaction information. |
| 2. It is return on capital employed. | It is return on investment |
| 3. It helps to know the true financial position of business. | The recordings do not give exact information and timely information. |
| 4. It helps to know the progress of business from year to year. | Final accounts prepared under book-keeping do not provide timely information |
| 5.It helps to know from whose money due and to whom due. | With the help of only book- keeping management can't take decision and correct action cannot be possible. |
| 6. It keep control over the properties and activities of business. | Book-keeping depends on personal judgment. |
