Meaning and definestion of book kipping

Book kipping includes recording of journal, posting in ledgers and balance of accounts. All the recors before the prepration of trail balance is the whole subject matter of book-kipping . Thus., book kipping many is defined as the science and art of recording transaction in money or money’s worth so accurately and systematically, in a certain set of booksw, regularly that the true state of businessman’s affairs can ascertained. Here it is important to note that only those transactions related to business are recorded which can be expressedin terms of money.