What is Bookkeeping?
Bookkeeping is the recording of the money values of the transactions of a business. Bookkeeping creates the numbers from which accounts are drafted but is a previous process, prerequisite to accounting. Predominantly, bookkeeping finds two areas of information: (1) the current value, or equity, of the business and (2) the change in value—profit or loss—taking placement [...]
Wednesday, June 23, 2010
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