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Recordkeeping,or bookkeeping,is the recording of transactions and events,either manually or electronically.This is just one part of accounting.
Bookkeeping
Bookkeeping is the process of recording daily transactions in a consistent way, and is a key part of maintaining accurate financial records for a business.
Recordkeeping
The process of maintaining records or documents that track financial transactions, operations, or other significant events.
Transactions
Financial events that involve an exchange of value between two parties, affecting the accounting equation.
- Understand the fundamental principles and objectives of accounting.
- Grasp the key components and objectives of an accounting system.
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Learning Objectives
- Understand the fundamental principles and objectives of accounting.
- Grasp the key components and objectives of an accounting system.
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