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متابعة

"The main object of book keeping can be said to enable financial data to be supplied for management of the business"? Is this Statement is True?

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2016/06/14

this statment is true  because book keeping is used for record financial transaction

georgei assi
من قبل georgei assi , مدير حسابات , المجموعة السورية

This is true part is added to him:

It helps to know its financial position

Clarify all financial operations carried out during the day by the Journal

Show details of the goods in the possession of the merchant in the last fiscal year and draw the result of each individual account easily at any time

Maintain regular books stating merchant goodwill debtor to benefit from the Magistrate protective feature of Bankruptcy

mohammad abdelhfez
من قبل mohammad abdelhfez , Finance Manager , REMA FACTORY

Yes it true but we can say that the Bookkeeping and accounting are both essential business functions required for all businesses. Bookkeeping is responsible for the recording of financial transactions. Accounting is responsible for interpreting, classifying, analyzing, reporting and summarizing financial data.

manseer muhammed ali
من قبل manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

Yes, its absolute true that The main object of book keeping can be said to enable financial data to be supplied for management of the business

Gayasuddin Mohammed
من قبل Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

One of the Objective. and It is not the only one. so the statement is party TRUE I think so. Thanks.

Barkat Ali
من قبل Barkat Ali , Accountant , Abdullah Bin Ahmed Bin Mohd Al Muzahmi Trading

This is true because bookkeeping is the recording of financial transactions, and is part of the process of accounting.

Fawaz Arif
من قبل Fawaz Arif , ARTICLE ASSISTANT(ARTICLESHIP) , K.M.AGARWAL &CO

Yes, the statement is true. It is the initial stage for reporting, analysis, and interpretation.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

YES its true. Because without book keeping you can not enable  financial data to be supplied for management of the business.

 

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