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What are the purposes of book keeping? What are the principles of book keeping? What is effective costing system? It's benefits. Thanks.

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Question added by Husseine Mishalle
Date Posted: 2016/04/19
Deleted user
by Deleted user

The purpose of book keeping is to keep track of cash inflow and outflow, how well your organization is performing.

The basic principle of book keeping is that there shall be two entries (one credit one debit) for every transaction that is recorded.

The cost system which helps in comparison could be considered as the effective cost system.

Aliyu Ahmed Alhaji
by Aliyu Ahmed Alhaji , Teacher , Wuraola Group of School, Ogun state

purpose of book keeping is to keep the daily transaction performed in appropriate book for the purpose of transparency.Principles of book keeping depends on different business,but it as to follow the principle of accounting.

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answers >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>