Bookkeeping is necessary only for organizing with profit objectives.

Question

Bookkeeping is necessary only for organizing with profit objectives.

State whether the following statement are true or false with reason :

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Related Questions

i. Debit balance of Trading Account means ________ (a) Gross Loss (b) Net Loss (c) Net Profit (d) Gross Profit

2 Answers 4 Views

The credit balance of the Profit & Loss account shows a net profit.

2 Answers 7 Views

Capital A/c……………..Dr. To Profit and Loss Account (Being Net Profit transferred to Capital A/c)

2 Answers 5 Views

i. Further capital introduced during the year increases profit. ii. Interest in Drawings decreases the amount of profit

2 Answers 5 Views

Menstrual cycle of human female is affected by (A) LH only (B) Estrogen only (C) FSH only (D) LH, FSH and Estrogen

2 Answers 5 Views

One dimensional array may have…….. A. Only columns B. Only rows C. Only one cell D. Both columns and rows

2 Answers 6 Views

The main objective of Bookkeeping is to keep permanent records of business transactions.

2 Answers 4 Views

A business can not run without bookkeeping.

2 Answers 4 Views

(i) It is not possible for management to plan and take decisions in business with help of bookkeeping and accountancy.

2 Answers 4 Views

Objectives of 10th Plan and Objectives of 11th Plan.

2 Answers 6 Views

Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

This statement is False.

Books of accounts are maintained by trading and non-trading concerns. Non-trading concerns do not earn any profits so bookkeeping is not necessary only with the objective of profit.

4 views Answered 2023-02-05 15:29