New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    Book-keeping is mainly concerned with?

    A Recording of financial data. Correct Answer Incorrect Answer
    B Designing the systems in recording, classifying and summarizing the recorded data. Correct Answer Incorrect Answer
    C Interpreting the data for internal and external users. Correct Answer Incorrect Answer
    D Analysis of significant trends and effect on business Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Bookkeeping is mainly concerned with the recording of financial data. Bookkeeping involves the systematic recording of all financial transactions of a business, including purchases, sales, receipts, and payments. The main objective of bookkeeping is to ensure that all financial transactions are accurately recorded, classified, and summarized so that they can be used to prepare financial statements.

    Practice Next

    Relevant for Exams: