Things to know on Maintaining Your Books & Accounts

    Book-keeping is the art of recording business transactions in a systematic manner.

    Accounts & Books should be preserved with the business for eight years.

    If any person fails to comply with the specifications to maintan books of accounts will be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to Rs. 10000, or may be with both.

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