आन्तरिक राजस्व कार्यालय ईटहरी

  Book keeping is an art of keeping systematic and permanent record of day to day financial transaction of business firm performed by them in a set of books in chronological order. It is a science of keeping systematic and regular records of business transactions so that they can be located whenever required.   Definition of book keeping by R.N Charter, “Book keeping is a science and art of correctly recording in the books of accounts, all those business transactions that result in the transfer of money and money’s worth”. Objectives or functions of book keeping 1.  To identify financial transaction Business firm performs various financial and non-financial transactions during the course of business operation. Book keeping helps in identifying the financial transaction in order to keep their records.   2.  To keep permanent record Book keeping keeps the permanent records of financial transactions that take place in the business during an accoun...