Definition of book keeping and examples of book kept for accounts
Agricultural Science JSS 3 Second Term
Definition of bookkeeping and examples of book kept for accounts
1. State the meaning of bookkeeping.
2. Give examples of books of account.
Meaning of bookkeeping in agriculture
Book-keeping is the systematic recording of financial transactions on a daily basis in the appropriate books, for easy determination of profits and losses in agricultural business. Simply, book-keeping refers to the keeping of account of financial activity of an enterprise.
Importance of bookkeeping in agriculture
Every business organization keeps daily records of their financial transactions. Therefore, the importance of bookkeeping becomes necessary for the following reasons:
Subscribe now to gain full access to this lesson noteTake Me There
Click here to gain access to the full notes.