ACCOUNTANCY

Bookkeeping, is all about recording a Business’s economic activities. The entries are summarized periodically. It was called “Bookkeeping” because before the computers were born, these were recorded in actual books. But now, transactions are recorded electronically.

Accounting deals with the recording of a company’s financial transactions of businesses and individuals. Accounting is one of the most important factors that make a business run, and it is essential for you to know why accounting is the lifeblood of any business. If this part of a company is not orderly, it should be expected that the business is not running as efficiently as it should.