Book keeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations.[1] It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation.
Note: In case where Tax Audit is applicable, the company will assign the Case to a Chartered Accountant
Bank reconciliation is the process by which the bank account balance in an entity’s books of account is reconciled to the balance reported by the financial institution in the most recent bank statement. Any difference between the two figures needs to be examined and, if appropriate, rectified.
Note: In case where Tax Audit is applicable, the company will assign the Case to a Chartered Accountant