Definition

Bookkeeping

Bookkeeping is a part of accounting process that involves only the recording of economic events in order to provide a history of a company financial activities.

Webster Dictionary Meaning

1. Bookkeeping
- The art of recording pecuniary or business transactions in a regular and systematic manner, so as to show their relation to each other, and the state of the business in which they occur; the art of keeping accounts. The books commonly used are a daybook, cashbook, journal, and ledger. See Daybook, Cashbook, Journal, and Ledger.
Share it:  Cite

More from this Section