what is book keeping ?

9 Answers

  • Lily
    Lv 5
    1 decade ago
    Best answer

    It's a simplified version of keeping accounts.

  • Jean
    Lv 4
    4 years ago

    Lincolnshire Literary Vault Lincolnshire Book Bank The Book Link of Lincolnshire

  • 1 decade ago

    Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process is usually performed by an accountant. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper. There are some common methods of bookkeeping such as the Single-entry bookkeeping system and the Double-entry bookkeeping system. But while these systems may be seen as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.

  • 1 decade ago

    Book-keeping is the recording of all financial transaction of the company or firm. It has two methods one is single entry method and double entry method

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  • 1 decade ago

    Bookkeeping means the activity of keeping records of financial affairs.

  • 1 decade ago

    It is accounting work. Keeping all financial matters in order such as debits/credits and profits etc..

  • 1 decade ago

    well, the goal-keeper in soccer is the player who keeps bad things out of the goal (like the ball). So I suppose the book-keeper's job is similar -- keep bad things out of the books that don't belong there - payments to family members, hush money, payments to paramours and protection rackets. Make the business' accounts look nice and pretty.

  • 1 decade ago

    keeping accounts

    generating reports

  • Anonymous
    1 decade ago

    its a office job. you make sure that the company is in order. you do the files and everything and sort the mny problems out.

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