BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the maintenance of a history of one’s activities, as financial dealings, by entering data in ledgers or journals, putting documents in files, etc?
A
expenditures
B
recordkeeping
C
budget sheet
Explanation: 

Detailed explanation-1: -the maintenance of a history of one’s activities, as financial dealings, by entering data in ledgers or journals, putting documents in files, etc.

Detailed explanation-2: -Abstract. Proper documentation and record maintenance is a principal step in good manufacturing practice regulations that a pharmaceutical manufacturer must follow. Documentation provides a thorough knowledge of the history and the present status of the manufacturing batches.

Detailed explanation-3: -Recordkeeping is keeping records, or ”units of preserved information in some permanent form (written documents, photographs, recordings, etc.).” Record can also refer to a collection of such items or a history in general.

Detailed explanation-4: -Record keeping is how you log, store and dispose of important financial information for your business. Records are: source documents, both physical and electronic, that show transaction dates and amounts. contracts and other legal documents.

There is 1 question to complete.