The term ''book-keeping ' is amalgamated from two English word 'book & keeping '. the according of a business concern and 'keeping denotes the maintain . Therefore , book keeping refers to the act keeping the accounting of a business concern and other organization .
In regard to term ''book -keeping '', different scholar and instituted have put for ward their own ways . some of them are as follows :
In the words of prof R.N .carter :'' Book -keeping is the science and art of correctly recording in the books of account .All those business transaction that result in the transfer of money or money's worth.''
J .R . batlibai Defined '' book -keeping is the art of recording business transaction in a systematic manner .''
In regard to term ''book -keeping '', different scholar and instituted have put for ward their own ways . some of them are as follows :
In the words of prof R.N .carter :'' Book -keeping is the science and art of correctly recording in the books of account .All those business transaction that result in the transfer of money or money's worth.''
J .R . batlibai Defined '' book -keeping is the art of recording business transaction in a systematic manner .''
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