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The purpose of book keeping is to keep track of cash inflow and outflow, how well your organization is performing.
The basic principle of book keeping is that there shall be two entries (one credit one debit) for every transaction that is recorded.
The cost system which helps in comparison could be considered as the effective cost system.
purpose of book keeping is to keep the daily transaction performed in appropriate book for the purpose of transparency.Principles of book keeping depends on different business,but it as to follow the principle of accounting.
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