Introduction to Accounting

General Accounting Principles

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The process of keeping systematic records of accounting is termed as-

Accountancy

Bookkeeping

Accounting

None of the above

Explanation:

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.

By: NIHARIKA WALIA

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