DEFINITION: Book keeping is defined as the art of recording
business transactions in such as systematic manner so that it can show at any
time the exact financial position of a business. Business transactions should be recorded in
the book of accounts in a sequential order or manner.
You record transaction one before recording transaction two and continue. That is to say that transaction is step-by-step endearour. Example you will record transactions made in 1st January, 2012 before recording the transactions made in 2nd January 2012 and so on and so forth.
You record transaction one before recording transaction two and continue. That is to say that transaction is step-by-step endearour. Example you will record transactions made in 1st January, 2012 before recording the transactions made in 2nd January 2012 and so on and so forth.
ACCOUNTING: This is
defined as a process by which data
relating to the economic activities of an organization are measured,
recorded and communicated to interested parties for analysis and
interpretation. The technique of recording the relevant data is generally
referred to as book keeping.
Accounting therefore is often basically regarded as a language of communication in an
organization . Like every system of
communication, its main purpose is to give different types of information to interested
persons. Because for this main purpose,
accounting forms a major
parts of the total information system in any entity, be it business or
non-business.
BIBLIOGRAPHY
Anyigbo
C.I (1999): Cost and Management According
Decision
Emphasis, Eungu , Hugotez Publication
Acknoff,
l (1970):
A Concept of Corporate Planning,
Britain,
Willey.
Alalade,
O (1985): Cost Accounting; Lagos Peacock.
Baggot,
J (1976):” Cost and Management Accounting
Made
Simple,
London, Richard Clay Limited
B.
P.P (A.C.C.A 1984) Management Accounting;
London
B.P.
Ltd.
Buyers,
C.I and Holemes. G.A (1972): Principle
of Cost
Accounting 4th Edition, Plymouth Collier
Mescaline
School
Ltd.
Chukwu,
U.C (2002) Accounting and Financial
Terminologies,
Onisha Bills Prints and Publishers.
Drury,
C (2002) : Management and Cost Accounting
5th
Edition,
Italy, Vincezo Bona
Engler,
C (1988): Management Counting, Home Wood
Illonis,
the Dryden Press
Erinma,
C.N (2003): Intermediate
Statistics, Enugu, Nerce
Publications.
Ishikawa,
A (19850 : Strategic Budgeting. (A
Comparison
Between
Us and Japanese Compares. H.Y Praege.
Ibekwe,
D (1986): Accountant, April /June. Vol. Xixi,
No 2
Thornton,
H(1978): Management Accounting (3rd
Edition,
London )William Heineman
Lucey,
T (1991): Management Accounting;
London the
Pirman
Press
Lucey,
T (1991): Management Accounting 5th Edition,
London, D.P.
Publications Limited.
Pickles,
W. (1977) Accounting (4th
Edition); London the
Pitman)
Press.
Robert,
Anthony and John. D (1980): Management Control
System; Home Wood Richard Irwin
Surverm
J.O and Brown, R.L (1977) : Where Does
Zero
Budgeting Works, Harvard Business Review November – December