INTERVIEW QUESTIONS COMMON PROFICIENCY TEST (CPT) FUNDAMENTALS OF ACCOUNTING DETAILS

Question: The main objective of Book- Keeping are:
a) Complete recording of transactions
b) Ascertainment of financial effect on the business
c) Analysis and interpretation of data
d) (a) and (b) both

Answer: (d)
Description: Book keeping is concerned with complete and permanent record of all transactions and to obtain the combined effect of all such transactions on the financial position of the business as a whole. It does not include analysis and interpretation of data.

(d)
Description: Book keeping is concerned with complete and permanent record of all transactions and to obtain the combined effect of all such transactions on the financial position of the business as a whole. It does not include analysis and interpretation of data. Source: CoolInterview.com

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