Bookkeeping is primarily
A) preparing financial reports.
B) analyzing the company's financial position.
C) record-keeping.
D) preparing tax reports.

Question

Quizplus · Accepted Answer

Bookkeeping is primarily the process of recording financial transactions and maintaining accurate and up-to-date financial records for a business. This includes tasks such as tracking income and expenses, reconciling accounts, and organizing financial data for use in preparing financial reports and tax returns. While bookkeeping can provide valuable data and insights for analyzing a company's financial position, this is not its primary function.

Bookkeeping Is Primarily