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Introduction to Book Keeping and Accountancy — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyIntroduction to Book Keeping and Accountancy2 Marks
Question
A business can not run without bookkeeping.
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Answer

This statement is False.
Book-keeping is a recording of business financial transactions which is useful to prepare ledger, trial balance, financial statements. All the above are useful to take decisions, planning, liabilities, and assets so a businessman cannot run his business without book-keeping.

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