The knowledge of book-keeping and accounts is very essential for an engineering student. In future he would either own a commercial concern or would serve a government or a commer­cial concern. Therefore, he must be well acquainted with the subject. “Book-keeping” is the art of recording business transactions systematically. It is very simple and is the art of reducing each transaction to its simplest term. Transaction” means the exchange of money or money’s worth between one party and an­other. Proper book-keeping show all purchases, sales and returns, quantity and value of goods available in the stock, transaction with creditors and debtors information about assets and liabilities, cash available, profit and loss account etc. Bookkeepers are responsible for maintaining an organisation’s key accounting records, known as ledgers. Day-to-day activities include recording transactions such as income and outgoings and posting them to various accounts.

Saranya R Kurup

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