Why is book keeping important

Why is bookkeeping important for a business?

Bookkeeping is the science and art of correctly recording in the books of accounts all those business transactions that result in the transfer of money or money’s worth. It is important for every business to record all transactions and bookkeeping helps a business do so. It tells you us how to keep a record of business transactions. For laymen who want to know why bookkeeping is important, below is a …

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