Record Keeping

Subject: Accountancy

Overview

Coming Soon

Things to remember
  • The systematic and scientific process of collecting, classifying, recording, retaining, preserving, using and disposing of the written documents is called record keeping.
  • To collect, classify and record documents, to dispose of records, to provide evidence and to fulfill legal formalities are the objectives of record keeping.
  • On the basis of Record Act, 2027 of government, the records can be classified into permanent records, most important records, important records, most useful records, useful records and less useful records.
  • Permanent records can never be destroyed.Their useful period is not limited.

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