Search for notes by fellow students, in your own course and all over the country.

Browse our notes for titles which look like what you need, you can preview any of the notes via a sample of the contents. After you're happy these are the notes you're after simply pop them into your shopping cart.

My Basket

Buy These Notes

You have nothing in your shopping cart yet.

Title: Book keeping in accounts
Description: These notes introduce you to the fundamentals of accounting principles
Buy These NotesPreview

Document Preview

Extracts from the notes are below, to see the PDF you'll receive please use the links above

BOOK KEEPING
...

Bookkeeping is the act and process of organizing and recording all business transactions that have
occurred in course of the business
...

The way the bookkeeping is managed determines the accuracy of the overall accounting
process that is being followed by the business
...

IMPORTANCES OF BOOK KEEPING
Bookkeeping helps us to know the receipts,payments,sales,purchases and record of all business
transactions made
...


Bookkeeping helps in providing all the information that is needed in creating financial reports ,which
helps us to know if a business is making profits or losses and it’s worth over a given period of time
...

It usually works very well for business that’s are just starting up or that are small
...

Its an easy way of recording for a business since you just write down what you sell or spend
...

This type of bookkeeping is usually used by fairly large organisation for they need to keep detailed track of all the transaction
they carry out
...
The cash account would
be reduced by the amount the company wants to buy the car
...

DIFFERENCE BETWEEN BOOK KEEPING AND ACCOUNTING
Single-entry bookkeeping has one entry per transaction while double-entry bookkeeping has two entries per transaction that is
a debit and a credit
...


Title: Book keeping in accounts
Description: These notes introduce you to the fundamentals of accounting principles
Buy These NotesPreview