State whether the following statement are true or false with reason :

1.	State whether the following statement are true or false with reason :The main objective of Bookkeeping is to keep permanent records of business transactions.
Answer» This statement is True. The record of business transactions is prepared for a specific period of time i.e. one year and it is preserved for a long period of time.

State whether the following statement are true or false with reason :The main objective of Bookkeeping is to keep permanent records of business transactions.

Answer»

This statement is True.

The record of business transactions is prepared for a specific period of time i.e. one year and it is preserved for a long period of time.