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There are three cardinal rules – don’t take somebody else’s boyfriend unless you’ve been specifically invited to do so, don’t take a drink without being asked, and keep a scrupulous accounting in financial matters.

W.H. Auden, poet

As the quote suggests, keeping a good record of your financial transactions is quite important. In business, keeping records of all financial transactions is most important. In this chapter, you’ll learn the first and very important step of how to ‘keep the books’, or record data as business is transacted. Details ...

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