Book Keeping is regarded as the step of accounting.
Last updated Jun 24, 2026
Correct Answer:
Option D —
First
Why Bookkeeping is the First Step
Bookkeeping is the foundation of the entire accounting process. It involves the routine task of identifying, measuring, and recording financial transactions in chronological order.
Without the data provided by bookkeeping, the further stages of accounting—such as summarizing and interpreting—cannot happen. Think of it as the "data entry" phase that feeds the "analysis" phase.
The standard sequence is:
Bookkeeping: Identifying, recording (Journal), and classifying (Ledger).
