Write two objects of book-keeping. – InterviewSolution

1.

Write two objects of book-keeping.

Answer»

Objects of book of book-keeping are :

1. To have a permanent record of all business transactions.

2. To ascertain the net result of the business

3. To know the exact reasons for net profit or loss.

4. To know the progress of business from year to year

5. To minimise errors and frauds.

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