Answers

2014-02-28T01:14:26+01:00
Bookkeeping is a part of the process of accounting which deals with recording of financial transactions.
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2014-02-28T07:54:18+01:00
Almost everyday in a firm, sales and purchases are made, receipts and payments are received and/or given.
The act of keeping(recording) these financial transactions(sales, receipts, expenses, etc.) in a book is called bookkeeping.
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