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Conceptual Framework of Accounting — Accountancy STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11AccountancyConceptual Framework of Accounting2 Marks
Question
Write any two advantages of book – keeping.
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Answer

The advantages of Book – keeping are:
  1. Transactions are recorded systematically in chronological order in the book of accounts. Thus, book – keeping provides a permanent and reliable record for all business transactions.
  2. Book – keeping is useful to get the financial information.

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