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Question
It is the first stage of maintaining accounts and provides no conclusions.
Options
Accounting
Book keeping
Book maintaining
Book recording
MCQ
Solution
Book keeping
Explanation:
Book keeping is the first stage of maintaining accounts and involves the systematic recording of financial transactions. It provides no conclusions or analysis; rather, it lays the foundation for further stages of accounting, where transactions are classified, summarized, and analyzed.
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Distinction Between Accounting and Book-keeping
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