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Book keeping

DR.A.SUJATHA�ASSISTANT PROFESSOR�PG& RESEARCH DEPARTMENT OF COMMERCE�C.P.A COLLEGE�BODINAYAKANUR�2023-2024�

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MEANING

  • Book keeping is the science and art of correctly recording in books of account all those business transactions that result in the transfer of money or money’s worth.

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IMPORTANCE OF ACCOUNTING

  • Internal user

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  • External user

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INTERNAL USER�

  • Owner
  • Management
  • Employee

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External user

  • Creditors
  • Investors
  • Government
  • Consumers
  • Research scholars
  • Financial institution
  • Regulatory agencies

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