TOPIC 01:INTRODUCTION OF BOOK KEEPING
Bookkeeping: can be defined as the art of recording financial business transactions in the set of books in terms of money or money's worth.
Objectives of Book keeping.
The following are the major objectives of book keeping;
1.To ascertain/determine the amount of profit or loss arising in the course of business.
If the business man/woman keeps records by all means he/ she should know whether they run business into profit or losses.
2.Knowledge of Credit dealing.
To know the amount of debtors and creditors and (customers and suppliers respectively)
business Man/ Woman obtained the knowledge of Credit dealing.