Description
When properly assembled the bookkeeping records become accounts. If correct methods are used, the bookkeeping records will be assembled or groped in a manner to show their exact nature and their bearing on the status of the business or the standing of the account. For the purpose of recording different types of business transactions, business organization maintains different types of account books— order book, day book, cash book, journal, sales and purchase books, ledger, etc. The present book makes discussion on bookkeeping, account books, classes of accounts, departmental records, wholesale and storage accounts, shipment and consignment accounts, corporation accounts, voucher system and accounting charts in a lucid manner.
