Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business.
It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive.. Example if Abel is a trader, all his business transaction are recorded as those of the business and not as Abel’s own transaction.
In this subject you will able to record those transactions correctly, accuracy in recording is therefore important.
Book Keeping Form Two Past Papers
Commerce is the conduct of trade among producers and consumers. Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities.
From a broad perspective, nations are concerned with managing commerce in a way that enhances the well-being of citizens, by providing jobs and producing beneficial goods and services.