The-definition.com

Definition

Book-keeping

       Book-keeping is the art of recording the transactions on the books of original entry and the ledgers. This work is usually performed by junior clerks who are sometimes called book-keepers of accounts clerks. This work is more or less of mechanical nature and does not require any specialized knowledge of the principles of accountancy. The work of such clerks is supervised by a man who is called an Accountant.

Share it:  Cite

More from this Section

  • Convertible bonds
    Convertible bonds refer to the bonds that permit bondholders to convert them into common ...
  • Stockholders’ equity
    Stockholders’ equity is the ownership claim of shareholders on total assets. It is to ...
  • Cost of goods sold
    Cost of goods sold is a category of expenses of a merchandising company which refers to ...
  • Auditing
    Auditing is the examination of financial statements by a certified public accountant in ...
  • Factoring company
    Factoring company is a firm that buys a business open-book accounts for sometimes consumer ...