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Commerce · Q1979

Accounting

Graduate and Post Graduate · Commerce · question 1979

Q1979

Amongst the following statements, find the odd one out with regards to book keeping.

A.
Book keeping has limited scope and concerned with recording, classifying & summarizing
B.
Book keeping is essentially a clerical work
C.
Book keeping depends on Accounting for making accounting records more useful
D.
Book keeping only considers monetary transactions
E.
Book keeping happens after the Accounting process
Answer

Answer: Option E

Solution

Answer: Option E
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